Meta cutting several hundred jobs across Reality Labs, Facebook and other departments

Meta Platforms Inc. is set to reduce its workforce by several hundred positions, as confirmed by CNBC. The layoffs will affect various departments within the tech giant, including Facebook, global operations, recruiting, sales, and its virtual reality sector, Reality Labs. Sources, who wished to remain anonymous due to the sensitive nature of the information, disclosed that some employees affected by the cuts may be offered alternative roles within the company, although this might necessitate relocation. This latest round of layoffs comes as Meta shifts its focus toward artificial intelligence, investing heavily in this area to compete with industry leaders such as OpenAI, Anthropic, and Google. Earlier this year, the company already made substantial cuts in its Reality Labs division, which included the closure of multiple studios dedicated to developing virtual reality games and experiences. Reports from The New York Times indicated that the layoffs in January resulted in over 1,000 job losses, representing nearly 10% of the workforce in the hardware division responsible for products like the Quest VR headsets and the Horizon Worlds virtual social network. This ongoing restructuring highlights Meta's adaptation efforts in a rapidly evolving tech landscape. Stay tuned for further updates as this story develops.