After 1,500 layoffs and $88bn loss, Meta CFO flags Reality Labs focus

Meta's Reality Labs division is shifting focus from VR to wearables, despite continued development of future VR headsets. The company confirmed a significant reduction in VR investment this year, while increasing spending on wearables like smart glasses. This strategic pivot follows substantial losses in Reality Labs, with a projected peak in 2026 before expected declines.

from Times of India https://ift.tt/f8QgTxC