Meta Layoffs: Meta, Facebook's parent company, is apparently restructuring its hardware section, Reality Labs, in the most significant rearrangement since it was established in 2020. According to The Verge, this restructure will also involve layoffs. This phase demonstrates Meta's growing approach, which is centred on augmented reality (AR) and the metaverse.

Meta has not released the exact number of employees affected by the layoffs. According to the study, the cutbacks are minor and mostly focus on superfluous leadership posts as a result of the new organisational structure.

The restructuring divides Reality Labs into two major groups: Metaverse, which includes the Quest headset line, Horizon (Meta's social network), and related technologies, and Wearables, which includes Meta's remaining hardware initiatives, such as its collaboration with Ray-Ban on smart glasses.

In an internal document acquired by the outlet, Bosworth touts Meta's newest smart glasses cooperation with Ray-Ban as "a much bigger success than we expected," implying the company's future path for AR spectacles. According to prior reports, Meta is working on a Ray-Ban version with a heads-up display and a wristband with a neural interface to operate the spectacles. Meta is developing its high-cost AR glasses, which have complete holographic displays and are known internally.

We now have the best AI gadget available, and we're focusing even harder to identify a wearable Meta AI product market fit, develop a company around it, and reach a wider audience. The goal of smoothly superimposing digital material over the real environment is still the same, but the stages towards achieving it have become much more interesting, according to a document sent by Meta CTO Andrew Bosworth."We are deeply committed to investing in Horizon as the core foundation of our social, spatial Horizon OS, and high-quality experiences for both mixed reality and mobile," Bosworth said.

"Our execution is what ultimately decides whether we succeed or fail—not the organisational chart. However, by organising it in this manner, I aim to cut down on overhead and enable individuals from different departments to collaborate and work together with a more cohesive understanding of our clients' needs and how we can best meet their needs," he stated, as stated in the article.