Meta chief technology officer Andrew "Boz" Bosworth said early in 2025 that the metaverse could be a "
An internal memo viewed by Bloomberg said roughly 10% of the Reality Labs workforce will be let go in an effort to make the division "more sustainable." A Meta representative said the cuts represent part of a previously announced effort to shift investment "from metaverse toward wearables," adding, "We plan to reinvest the savings to support the growth of wearables this year."
"Starting today, VR will operate as a leaner, flatter organization with a more focused road map to maximize long-term sustainability," Bosworth wrote in the memo.
Reality Labs has lost a staggering amount of money over the past several years—roughly
