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IPFS News Link • Employment & Jobs

VR Fail? Meta Will Lay Off Employees In Metaverse Unit On Wednesday

• by Tyler Durden

There was a time during the Covid pandemic when Mark Zuckerberg's metaverse was supposed to change everything. But with workers returning to the office and the pandemic over, the metaverse has become an epic failure. 

Employees found out about the layoffs in an internal work chat on Tuesday. The message said Meta would notify workers about their job status early Wednesday morning, according to the source.

Reuters could not determine the number of layoffs in the Facebook Agile Silicon Team, or FAST, unit, which has 600 employees developing custom chips to equip Meta's VR devices. A restructuring has been expected for two quarters when Meta hired a new executive to oversee the unit. 

"If the cuts are deep, they could hamper Chief Executive Mark Zuckerberg's project to build augmented and virtual reality products," Reuters said.