Meta Plans to Cut 10% to 15% of Employees in Reality Labs Business - The New York Times

Meta plans to cut 10% to 15% of employees in its Reality Labs business, according to The New York Times. This follows the layoff of 1,500 people in the Metaverse division, as reported by The Wall Street Journal. The layoffs and studio closures highlight a significant shift by Zuckerberg towards AI, as noted by CNBC. Additionally, Meta has cut more than 1,000 jobs in the Bay Area, marking the first major layoff in tech for 2026, according to SFGATE. Bloomberg.com reports that Meta is beginning job cuts as it transitions from Metaverse to AI devices.