Meta is closing 3 VR studios and laying off roughly 10% of Reality Labs as it shifts focus from the metaverse to AI wearables, it’s next sure-fire, can’t-miss idea
Meta chief technology officer Andrew “Boz” Bosworth said early in 2025 that the metaverse could be a “legendary misadventure” if the company’s Reality Labs division didn’t turn things around that year in a big way. Well, here we are in 2026, and it looks like the mission was not accomplished: Bloomberg says Meta is beginning…