Zuckerberg Axes Metaverse: Meta Slashes Budget By £52 Billion As VR Dream Implodes

Meta Cuts Metaverse Spending as Mark Zuckerberg Redirects Facebook’s Future Toward AI Growth - Will There be Layoffs? (Credit: Mark Zuckerberg Instagram)

Shockingly, Meta head Mark Zuckerberg is preparing to pull the plug on a considerable project. After pouring tens of billions into the virtual reality fantasy known as the Metaverse, the parent company Meta (formerly Facebook) is reportedly planning deep cuts to its metaverse efforts, which could lead to massive layoffs as well.

The Rise and Fall of Metaverse