https://www.storyboard18.com/brand-marketing/meta-cuts-1500-jobs-as-cfo-susan-li-signals-reality-labs-pivot-towards-wearables-88694.htm
Meta announced 1,500 job cuts, primarily within its Reality Labs division. The company is reassessing its long-term virtual reality and metaverse investments. CFO Susan Li stated Reality Labs spending will now focus more on wearables. This shift includes shutting down VR gaming studios and cancelling content initiatives. Wearables, especially smart glasses, have shown stronger market demand for Meta.