Workforce Reduction and Impact
Meta has announced layoffs within its division, specifically affecting the Oculus Studios unit, which focuses on virtual and augmented reality content for Quest VR headsets.
Over 100 employees were reported to be laid off, including those working on the Supernatural VR fitness app, amidst efforts to streamline operations and improve efficiency.
Financial Context and Future Plans
The layoffs follow a significant loss of $4.9 billion in Reality Labs' fourth quarter, with sales amounting to only $1.1 billion, contributing to Meta's broader cost-cutting measures.
Despite the workforce reduction, Meta remains committed to investing in mixed reality experiences, including fitness and games, and aims to deliver enhanced content for Quest and Supernatural communities.