If Meta’s Reality Labs segment emerges unscathed from layoffs, the pressure to deliver on metaverse hype will increase.
The prospect of mass layoffs at Meta Platforms Inc. could ramp up the pressure on CEO Mark Zuckerberg to deliver on the metaverse hype.
Citing people familiar with the matter, the Wall Street Journal reports that Facebook parent Meta Platforms Inc. META is planning to start large-scale layoffs this week — the first major cuts in the company’s 18-year history. Meta declined to comment when contacted by MarketWatch. Any layoffs will be closely scrutinized for their impact on Reality Labs, an area where Meta has been throwing its cash. If Reality Labs emerges relatively unscathed from layoffs, it will underline the company’s commitment to the metaverse — but will also increase the pressure to deliver on something that, at this stage, is more hype than reality.
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