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Exclusive: Meta to cut jobs in metaverse silicon division this Wednesday.


Breaking News: Meta to Lay Off ​Employees​ in Reality Labs Division

In a major ⁤development, Meta, the company behind ⁣the metaverse, is planning to lay off employees in its Reality Labs division. The division, which focuses on creating custom silicon, will be affected by the cuts, according to​ sources familiar with the matter.

Employees were informed of the layoffs through Meta’s internal⁣ discussion forum on Tuesday. They will receive ⁣notifications about their status ⁣with the company‍ by early Wednesday ⁢morning.

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A Meta spokesperson ⁣declined‌ to comment on the plans. The extent of the cuts​ to the silicon​ unit, known⁤ as Facebook Agile Silicon Team (FAST), is yet to be determined.

If the cuts are ⁤significant, they ‍could ​impact CEO Mark Zuckerberg’s ambitious ​project​ to⁤ build⁣ augmented​ and virtual reality products⁣ for the metaverse. This includes the highly anticipated AR glasses that‍ Zuckerberg believes will revolutionize our relationship with⁣ technology.

The FAST unit, which​ currently employs ⁤around 600 people, is responsible for developing custom chips that give Meta’s devices a competitive edge in the‍ nascent AR/VR market.

However, Meta has faced ​challenges in producing chips that can​ rival those made by​ external providers. As ‌a result, the company‍ has turned to chipmaker Qualcomm for ​its current devices.

A​ restructuring of the FAST unit has been ⁣expected ⁤since the ⁢spring, when Meta hired a new executive to lead‌ the division.

Another chip-making ⁣unit within Meta’s infrastructure division, focused on artificial intelligence, has also encountered obstacles. ⁤The executive overseeing these efforts recently announced her ⁣departure, but Meta has appointed a replacement‌ to continue the ⁣work.

Meta is known for its line‌ of mixed​ reality headsets called Quest ⁢and smart glasses developed in collaboration with Ray-Ban. The company recently⁣ unveiled‍ new ​versions of these products ⁢at ‍its annual Connect‍ conference.

Additionally, Meta is working on more advanced and⁢ sleek ​AR glasses, along with associated smart watches.‌ These‌ products ⁣are expected to⁤ be completed ⁤next year, although ⁤they may not be widely available to consumers⁣ initially.

Since November of last year, Meta has already⁣ cut around ⁢21,000⁤ jobs as part of its cost-cutting measures. The company has been under ‍pressure to rein in costs and address‌ concerns ‌about the profitability of its Reality ⁢Labs division.

Stay ‌tuned for further updates on ‍this developing story.

Reporting by Katie Paul ‌Editing by Kenneth Li,⁣ Nick Zieminski and Rosalba O’Brien

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with Rep. Nicole Malliotakis

Meta is planning to lay off employees on ‍Wednesday in the unit of its metaverse-oriented Reality Labs division focused on creating custom silicon

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How‍ has Meta’s FAST unit contributed to its ⁣competitiveness in the AR/VR market and what‍ impact could⁤ the restructuring of this unit have​ on Meta’s future performance?

Down⁣ its workforce by more than 10%, with​ the majority of the cuts in its Reality Labs division. The ⁢layoffs were ⁤part of an​ effort to realign​ its resources and focus on ⁤key areas⁤ of growth, including the metaverse.

The metaverse, a ⁢virtual reality space ⁣where users can interact with each other and digital objects, is shaping⁤ up to ​be the next frontier in technology. Companies⁣ like Meta are investing heavily in developing the infrastructure and ‌tools necessary to support this​ new digital realm.

However,‌ the layoffs in the Reality Labs division raise questions about Meta’s ability to deliver on‍ its ambitious vision. The division, responsible for ⁢developing ⁣custom silicon, plays a crucial role in Meta’s ability ​to create cutting-edge AR and ⁤VR products.

If the cuts are significant, it could delay the ‌development of Meta’s highly anticipated AR glasses, which ⁣CEO Mark Zuckerberg believes will revolutionize the way we interact ​with technology. These glasses, when released, are expected to⁢ provide users with a seamless blend of the physical and digital worlds,⁤ enhancing⁢ their ​everyday experiences.

The FAST unit,⁢ with its 600 employees, has been instrumental in giving Meta’s devices ‍a competitive edge in the nascent AR/VR market. Developing custom chips allows Meta to optimize its devices’ performance ‌and deliver⁤ a more immersive ‍user experience. However, Meta has faced ⁤challenges in producing chips that can rival those made by external providers, leading them​ to rely on​ chipmaker‍ Qualcomm‌ for their current ⁤devices.

The restructuring of ⁢the FAST unit has been anticipated ‍since spring, when Meta brought in a new executive to lead the division. ‍This move was ‍seen as a step towards optimizing‌ the unit’s operations and overcoming the hurdles it​ had been facing.

In addition to the Reality Labs division, another chip-making⁣ unit within Meta⁣ focused‌ on artificial intelligence has also encountered​ obstacles. Despite the departure of ⁣the executive overseeing these efforts, Meta has appointed ‍a replacement to ensure the work continues.

Meta ⁤is known for its line of mixed ⁣reality headsets called Quest and its collaboration with Ray-Ban in developing smart ‌glasses. ​The company recently unveiled new⁣ versions​ of these products at its annual Connect conference, showcasing its commitment⁤ to advancing the AR/VR technology.

Looking ahead, Meta is ‍working⁣ on even more advanced​ AR glasses and associated smartwatches, which are expected to be completed next⁣ year. These products are anticipated to further bridge the gap between the physical and digital worlds, allowing users to seamlessly interact with the metaverse.

While the layoffs​ in the Reality Labs division may raise concerns, it is important to remember that restructuring⁢ and‍ realigning resources are common in the tech industry. Meta‍ remains dedicated to⁢ pushing the boundaries of augmented​ and virtual reality technologies and delivering innovative products ‌to consumers.

As the ⁣metaverse continues ​to evolve, Meta will likely face further challenges and opportunities. The company’s ⁤ability to navigate ⁢these obstacles and adapt to⁣ the changing landscape will‍ determine its success in shaping the ⁣future of technology.



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