On May 12, Reuters official website said that Facebook owner meta platforms Inc was preparing to reduce its core Department of meta universe strategy, reality labs, which is the core Department of the company's renewed focus on hardware products and "meta world" strategy. A spokesman confirmed the above remarks.
The following is a partial translation:
According to a summary of comments seen by Reuters, chief technology officer Andrew Bosworth told reality labs staff in a weekly Q & a session on Tuesday that the changes were expected to be announced within a week.
A meta spokesman confirmed that Bosworth told employees that the Department could no longer undertake some projects and would have to postpone other projects, but did not specify which projects would be affected.
She said meta did not plan to lay off staff as part of the change.
The world's largest social media company told investors last month that it would cut costs in 2022 after Facebook's share price plummeted due to a decline in users earlier this year.
At the earnings conference call in late April, CEO Mark Zuckerberg said that meta plans to "slow down" some long-term investments in its business platform, artificial intelligence infrastructure and Reality Laboratory.
According to Phoenix technology, the financial report released by meta as of March 31 shows that meta's total revenue in the first quarter was US $27.908 billion, an increase of 7% compared with us $26.171 billion in the same period last year; The net profit was US $7.465 billion, down 21% from US $9.497 billion in the same period last year.
The company changed its name in October to reflect its meta universe goals and recruited a large number of reality labs employees. It increased more than 13000 employees last year and nearly 6000 employees in the first quarter of this year.
Meanwhile, Zuckerberg warned that virtual world bets could take about a decade to pay off, and the laboratory has run out of cash. The sector lost $10.2 billion in 2021 and another $3 billion in the first quarter of this year.