According to reports, a spokesman for meta platform, Facebook's parent company, confirmed that the company plans to compress its reality labs department. It is worth noting that this is an important strategic department for them to adjust their strategic focus to hardware products and metauniverse Andrew Bosworth, CTO of meta platform, told the employees of reality labs at the weekly Q & A activity on Tuesday that the relevant adjustment plan is expected to be announced within a week.
A meta spokesman confirmed that Bosworth did tell the employees of the Department that the Department might not be able to continue some projects, so it was forced to postpone the development plan. The spokesperson did not specify which projects would be affected, but she added that meta was not prepared to lay off staff in the process.
The move comes at a time when meta told investors that it would reduce costs in 2022. Before that, Facebook users fell earlier this year, causing its share price to plummet.
At the earnings conference call at the end of April, the company's CEO Mark Zuckerberg said that meta plans to slow down some long-term investments, including business platforms, artificial intelligence infrastructure and reality labs.
Meta lowered its total expenditure forecast for 2022 from $90 billion to $95 billion to $87 billion to $92 billion.
