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<p>Meta is cutting about 10% of its metaverse workforce, approximately 1,500 jobs, as it shifts focus from the metaverse to artificial intelligence. This decision follows over $70 billion in losses from Reality Labs, which oversees Meta's virtual and augmented reality projects. The layoffs are expected to impact those working on VR headsets and metaverse initiatives, reflecting a significant change in Meta's priorities. The company is reallocating resources towards AI research and development, marking a retreat from its ambitious metaverse vision.</p>

- Meta is scaling back its metaverse ambitions, planning to cut about 10% of its Reality Labs workforce, which could mean approximately 1,500 layoffs.  
- This shift prioritizes artificial intelligence as the company reallocates resources after incurring over $70 billion in losses in the metaverse.  
- Meta’s focus has transitioned from immersive virtual worlds to AI-driven initiatives, reflecting a broader change in investor sentiment towards more immediate, revenue-generating projects.

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