Business

Meta, Facebook owner tells hardware staff to get ready for layoffs.

A representative for Facebook-owned Meta Platforms Inc confirmed on Wednesday that the business is planning layoffs in its Reality Labs division, a crucial unit at the heart of its goal to refocus the company on hardware products and the “metaverse.”

According to a summary of his comments, Reality Labs Chief Technology Officer Andrew Bosworth told colleagues during a weekly Q&A session on Tuesday that the changes would be publicized within a week.

Meta was not planning layoffs as part of the changes, she added.

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