Facebook parent Meta plans 1,500 job cuts, CTO calls critical all-hands meeting: Report

Meta, the tech company behind Facebook, Instagram and WhatsApp, is preparing for another round of job cuts. This time, around 1,500 employees may lose their jobs from the company’s Reality Labs division. This unit works on virtual reality (VR), augmented reality (AR), smart devices and Meta’s long-term metaverse plans.

According to a New York Times report citing people familiar with the matter, the layoffs could be announced as early as Tuesday.