Facebook Parent Meta Informs Hardware Staffers About Cutbacks, Ensures No Layoffs
Facebook-owner Meta Platforms is preparing cutbacks in its Reality Labs division, a unit at the center of the company's strategy to refocus on hardware products and the "metaverse," a spokesperson confirmed to Reuters on Wednesday.Chief Technology Officer Andrew Bosworth told Reality Labs staffers during a weekly Q&A session on Tuesday to expect the changes to be announced within a week, according to a summary of his comments viewed by Reuters.The Meta spokesperson confirmed that Bosworth told staffers the division…