Meta is planning to lay off employees Wednesday in the unit of its metaverse-oriented Reality Labs division focused on creating custom silicon, two sources familiar with the matter told Reuters Tuesday.
Meta is planning to lay off employees on Wednesday in the unit of its metaverse-oriented Reality Labs division focused on creating custom silicon, two sources familiar with the matter told Reuters on Tuesday. Employees were informed of the layoffs in a post on Meta's internal discussion forum Workplace on Tuesday. The post said they would be notified about their status with the company by early Wednesday morning, one of the sources said.
The FAST unit is tasked with developing custom chips to power the augmented and virtual reality hardware produced by Meta's Reality Labs division. It announced new versions of the smart glasses and its consumer-oriented Quest headset, Quest 3, at its annual Connect conference last week.
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