Mark Zuckerberg’s vision for the metaverse was meant to reimagine how we interact with each other and the world, providing us with an immersive world where we could seamlessly combine digital and physical information.
The parent company, renamed Meta along the way, had begun introducing headsets and reimagining everyday computing with its Project Orion augmented-reality glasses.
Now, however, Meta is making deep budget cuts to its Reality Labs division, which could see around 10% of the 15,000 employees working on the metaverse and related projects lose their jobs. Meta’s chief technology officer Andrew Bosworth confirmed the cuts to staff in a memo on January 13.
