Meta’s latest job cuts in Reality Labs mark a strategic shift towards AI wearables and mobile products, reflecting a broader trend in the tech sector where companies are adapting to changing market conditions.
Meta is cutting 10% of its metaverse arm, Reality Labs, as it shifts focus toward AI development, reflecting broader industry trends prioritizing AI over metaverse initiatives.
Meta’s 30% budget cut for the metaverse signals a shift in strategy, impacting investor sentiment and market dynamics.
Meta’s potential budget cut in the metaverse reflects shifting investor priorities and broader market trends in tech investments.