Thursday, 5 March, 2026
Meta to cut back on hiring of hardware, metaverse staffers
By Basit Ansari
<p>Meta's Reality Labs is preparing for significant layoffs. The division is refocusing on hardware and the "metaverse." 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 />
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Read full story at The Hindu
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