Svmuu News: Meta Platforms (META.O) has announced layoffs of more than 1,000 employees in its Reality Labs division. This move is part of the company’s strategy to shift resources from virtual reality (VR) and metaverse products to artificial intelligence (AI), wearable devices, and mobile features. According to an internal memo from Chief Technology Officer Andrew Bosworth, employees will begin receiving layoff notices starting Tuesday morning. As previously reported by foreign media, the layoffs will affect approximately 10% of Reality Labs’ roughly 15,000 employees. A Meta spokesperson stated: “ “As we mentioned last month, we are shifting some of our investment from the metaverse to wearables. These layoffs are part of that strategy, and we plan to reinvest the resources saved to support the growth of our wearables business this year.” (Jin Shi)