Mark Zuckerberg seems to be putting breaks on the vision he has been chasing since 2014, changed company’s name for and spent billions on …
Meta is reportedly planning significant job cuts, around 10%, within its Reality Labs division, responsible for VR products like Meta Quest. This strategic shift prioritizes artificial intelligence development, potentially impacting CEO Mark Zuckerberg’s long-term metaverse vision. Investors have expressed concerns over substantial VR spending with slower-than-expected consumer adoption. Facebook-parent Meta is planning to cut 10%...
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