Friday, 24 March, 2023

Meta to cut back on hiring of hardware, metaverse staffers

<p>Meta&#39;s Reality Labs is preparing for significant layoffs. The division is refocusing on hardware and the &quot;metaverse.&quot; The company informed staff that it would be decreasing hiring for most mid-to-senior-level positions. Reality Labs is working on AR, smart glasses, and video-calling gadgets. Mark Zuckerberg has warned that betting on the metaverse could take a decade to pay off. In 2021, Reality Labs lost $10.2 B, and in Q1 of this year, it lost another $3 B.<br /> &nbsp;</p>