Meta plans to cut around 10% of employees in Reality Labs division: Report

Meta plans to cut around 10% of the ‍employees in its Reality Labs division who work on products including ⁠the metaverse, the New York Times reported on Monday, citing three people with knowledge of the discussions.

The cuts to Reality Labs, which ‌has roughly ‌15,000 employees, could be announced as soon as Tuesday and are set ‌to disproportionately affect those in the metaverse unit who work on virtual reality headsets and virtual social networks, the report said.