Meta CTO Andrew Bosworth on layoffs in the division that Mark Zuckerberg changed company’s name for; says: Failed to …

Meta chief technology officer (CTO) Andrew Bosworth is at Davos, Switzerland, for the ongoing World Economic Forum’s annual meeting. Meta CTO spoke about a range of things at the event including layoffs at the company’s Reality Labs division and shutting down of a number of studios that were working on VR titles. Bosworth said that the company is cutting its workforce because VR headset sales have failed to take off. “We’re still continuing to invest heavily in this space, but obviously, VR is growing less quickly than we hoped,” Bosworth told Alex Health in a podcast on the sidelines of the World Economic Forum. He added, “And so you want to make sure that your investment is right-sized.”