Meta Platforms' Reality Labs division, is set to lay off employees from its chip unit, known as the Facebook Agile Silicon Team (FAST).
In a significant move impacting Meta Platforms’ Reality Labs division, the company is set to lay off employees from its chip unit, known as the Facebook Agile Silicon Team . According to inside sources, approximately 600 employees in the FAST unit have been informed about the layoffs via Meta’s internal discussion platform, Workplace. The affected employees are expected to receive notifications about their employment status early on Wednesday.
The potential impact of these layoffs on Meta’s metaverse-focused projects, including Chief Executive Mark Zuckerberg’s ambitious plans for augmented and virtual reality products, is significant. One of the key projects affected by these layoffs is the development of AR glasses, a technology Zuckerberg believes will revolutionize human interaction with technology. However, if the cuts within the FAST unit are deep, they could potentially hamper the progress of these projects.
Meta’s current product lineup includes mixed reality headsets called Quest and smart glasses developed in collaboration with Ray-Ban eyeglass maker EssilorLuxottica. These smart glasses can stream videos and interact with wearers through a new AI virtual assistant.When Meta Platforms, Inc.
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