Release: 2024/06/19 15:47 Reading: 699
Meta Layoffs: Facebook Parent Restructures Reality Labs
Meta has announced a significant restructuring of its Reality Labs division, which will be split into two distinct groups: Metaverse and Wearables. This move aligns with Meta's broader efforts to optimize operations and prioritize core technologies.
Reality Labs Restructuring
Meta's Reality Labs, established in 2020, is dedicated to developing hardware and metaverse technologies. The new structure will divide the division into two segments:
This restructuring aims to align resources with Meta's long-term goals in these emerging fields.
Meta's Strategic Focus
Andrew Bosworth, Meta's Chief Technology Officer, emphasized the company's commitment to advanced products that are "fit for wearable Meta AI." Meta aims to enhance its offerings in virtual reality (VR) and augmented reality (AR).
The Metaverse group will continue to develop Oculus headsets and refine the Horizon platform, Meta's VR social space.
The Wearables team will integrate digital content into physical reality through devices like Ray-Ban smart glasses, bridging the gap between the digital and physical world.
Meta Layoffs
As part of the restructuring, Meta has confirmed that there will be layoffs within the Reality Labs division. The exact number of affected employees is undisclosed.
This decision aligns with Meta's efforts to reduce redundancies and enhance operational efficiency. The layoffs are expected to streamline the workforce and enable Meta to allocate resources towards strategic priorities.
Despite the layoffs, Meta remains committed to its Horizon virtual reality platform as a cornerstone of its social and spatial operating system. By refining its approach and consolidating efforts, Meta aims to maintain its leadership position in the VR and AR sectors.
We are building the most influential,trusted information platform for aglobal community engaged in thd transformation of the financial system andthe emerging crypto economy.PEPE is an integrated platform for media,events,data & indices for the next generation fo investing and the future of money.
Get in touch with the PEPE team at admin@pepecoinbuy.com