Meta plans to reduce investment in its metaverse team to save funds for its VR headset business
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ChainCatcher news, according to Golden Ten Data citing The New York Times, three informed employees revealed that Meta Platforms (META.O) is considering layoffs in a branch of its Reality Labs division engaged in "metaverse" business, which could begin as early as next month and affect 10% to 30% of the team. This team is mainly responsible for VR headsets and VR-based social networks. Reality Labs consists of the metaverse division and the wearable devices division.
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