Meta Cuts 1,000 Jobs as Reality Labs Refocuses on Wearables

Meta is cutting over 1,000 jobs from its Reality Labs division as the company shifts focus toward wearable technology and artificial intelligence hardware.The restructuring follows financial reports showing the unit has incurred losses exceeding $70 billion since 2021.Meta will now prioritize mobile devices for its metaverse strategy while reinvesting savings from the layoffs into its new hardware priorities.