Meta Cuts 1,000 Reality Labs Jobs to Shift Focus to AI and Mobile [Yahoo! Finance]
Meta Platforms, Inc. - Class A (META)
Company Research
Source: Yahoo! Finance
Platforms, Inc. (NASDAQ:META) confirmed plans to cut over 1,000 jobs from the Reality Labs division. This is an attempt to reallocate resources from virtual reality and metaverse products to AI wearables and phone features. As inferred from an internal post by Chief Technology Officer Andrew Bosworth, reviewed by Bloomberg, the job cuts are projected to affect nearly 10% of employees within the group. Meta Platforms, Inc. (NASDAQ:META) will sustain its development efforts around the metaverse, but will focus on mobile phones, while less aggressively investing in VR headsets and features, Bloomberg states. Meta App 3D sign Earlier on January 12, BofA Securities reaffirmed its Buy rating on Meta Platforms, Inc. (NASDAQ:META) with an unchanged price target of $810. This came after the company's announcement of long-term partnerships with three nuclear energy companies, namely Vistra, TerraPower, and Oklo. The firm believes these collaborations act as strategic moves to combat power
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META
Earnings
- 10/29/25 - Miss
META
Sec Filings
- 1/16/26 - Form 8-K
- 1/15/26 - Form 144
- 1/14/26 - Form 4
- META's page on the SEC website