Meta Spent Years Chasing the Metaverse, but Now It’s Making a Big Pivot. Here Are 5 Leadership Lessons Behind That Shift

After betting heavily on the metaverse—and spending many billions building it—Meta recently pivoted hard.
Hosted on MSN

4 years after the push, Meta finally walks away from the metaverse

Meta spent the past four years trying to convince Wall Street and ordinary users that a future of virtual offices, legless avatars, and bulky headsets was worth tens of billions of dollars. Now the ...
Hosted on MSN

Meta is reportedly laying off hundreds of Metaverse employees this week

UPDATE (1/14): Multiple social media users have now posted about layoffs at Meta's Reality Labs. The posts also indicate the shutdown of three studios working on VR titles: Armature Studio, Twisted ...
CoinTelegraph

Meta to cut 10% of metaverse arm this week amid AI push: Report

Meta’s Reality Labs is set for cuts as the firm’s metaverse budget continues to decline amid push toward artificial intelligence development. Meta is reportedly set to lay off around 10% of staff from ...
Benzinga.com

Weekend Round-Up: Metaverse Cuts, EU's Antitrust Probe, Netflix's Massive Acquisition And More

This week was a whirlwind of tech and media news, with major developments from Meta Platforms, Netflix Inc., and Amazon.com. From Meta’s potential metaverse budget cuts to Netflix’s massive ...