Meta's Reality Labs Faces Imminent Layoffs

Meta is on the verge of implementing job cuts in its Reality Labs sector, insiders familiar with the situation revealed to Business Insider.

The divisions focused on crafting virtual reality devices and the social platform Horizon Worlds are expected to be significantly affected, according to statements from two employees.

It is anticipated that the layoffs will impact between 10% and 15% of Reality Labs' total workforce, which comprises around 15,000 personnel. The announcement regarding these reductions is projected to occur this week, although Meta has refrained from commenting publicly.

The timing of these layoffs coincides with a vital meeting that Andrew Bosworth, the Chief Technology Officer at Meta and head of Reality Labs, has convened. He has emphasized the significance of this event, labeling it the year's "most crucial" meeting and has encouraged employees to attend in person.

Reality Labs has represented a significant investment for Meta, incurring losses exceeding $70 billion since the year 2020. Amidst numerous rounds of reductions, Meta has been redirecting its resources and focus towards artificial intelligence initiatives.

In a communication that surfaced last year, Bosworth identified 2025 as the pivotal year of his career at Meta. He noted the outcome of the initiatives undertaken will decide if Reality Labs achieves recognition for groundbreaking accomplishments or becomes known as a "notorious misadventure."