The recent wave of tech layoffs has hit some of the industry's most innovative departments and projects particularly hard.
Those layoffs "throw into question whether the company will produce a third iteration" of the HoloLens headset, Bloomberg added. , among other departments. , including Verily Life Sciences and Intrinsic .
Even Facebook parent Meta — which remains committed to bringing about its vision of a "metaverse" — isand other macroeconomic factors are forcing the world's biggest tech companies to rethink their approach of continually funding "moonshot" projects with uncertain returns.
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