Meta confirms Reality Labs layoffs and shifts investment toward wearables.

Meta said about 10% of its Reality Labs team will be laid off starting Tuesday, and the company plans to reinvest the savings to support growth in wearables this year.

Meta announced layoffs in its Reality Labs division and said it will reallocate resources toward wearables. The company confirmed that around 10 percent of Reality Labs employees will be laid off beginning Tuesday. A Meta spokesperson said the savings from the reduction will be reinvested to support wearables growth this year. Meta also reported an adjustment to its metaverse approach toward mobile devices rather than a VR-first social platform. Reported facts: - Meta confirmed roughly 10% of Reality Labs staff will be laid off, with the reduction beginning on Tuesday. - A Meta spokesperson said the company is shifting some investment from the Metaverse to wearables and plans to reinvest the savings to support wearables growth this year. - An internal memo from CTO Andrew Bosworth, reported by Bloomberg, indicated the company will refocus its metaverse strategy toward mobile devices; Bloomberg also reported Meta may increase production capacity for AI smart glasses by the end of 2026. Summary: The announced changes redirect resources from parts of Reality Labs to wearable products while reducing staff in the division. The layoffs are scheduled to begin Tuesday, and Meta says it will reinvest the savings into wearables this year. Undetermined at this time.