Thursday, 5 March, 2026
Meta Reportedly Cutting Metaverse Budget by Up to 30%
By Isha
Meta is reportedly planning to significantly cut the budget for its Reality Labs division, responsible for developing the Metaverse, by up to 30%. This potential reduction signals a shift toward greater efficiency and a focus on prioritizing immediate revenue-generating projects within the company. The move suggests a cautious approach to the long-term, high-cost bets on virtual reality and augmented reality infrastructure.
Read full story at Economic Times