Based on Coindesk, Meta (META) is reportedly considering a 30% budget cut for its metaverse division in 2026, according to a Bloomberg report. The cuts, which may include layoffs, would affect the virtual reality group and Horizon Worlds. The move comes as the broader tech industry has not embraced the metaverse as quickly as Meta had anticipated. The company’s Reality Labs division has lost over $70 billion since 2021.
Meta Plans 30% Metaverse Budget Cut in 2026 Amid Slow Adoption
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