Zuckerberg Plans 30% Budget Cuts, Layoffs At Meta To Build Metaverse

Zuckerberg SLASHES metaverse: 30% Reality Labs cuts, mass layoffs loom in January! After $70B losses since 2021, Meta axes Horizon Worlds & Quest VR budgets—shifting billions to AI (Llama, Meta AI, Ray-Ban smart glasses). "Leaky bucket" finally bursts as Zuck hires Apple's top designer for AI wearables. Investors cheer: stock +6%! Is the metaverse dream dead? Pivot or flop? #Meta #markzuckerberg #Zuckerberg #metaverse #horizonworlds #questvr Mint is an Indian financial daily newspaper published by HT Media. The Mint YT Channel brings you cutting edge analysis of the latest business news and financial news. With in-depth market coverage, explainers and expert opinions, we break down and simplify business news for you. Click here to download the Mint App: https://livemint.onelink.me/MrDS/p0kx3pdg Now make Mint your preferred source on Google and get business & finance updates first. Add here - https://www.google.com/preferences/source?q=mint Subscribe to Mint Premium Now: https://www.read.ht/Scaq Subscribe to Mint's WhatsApp Channel: https://whatsapp.com/channel/0029Va91YSeGehEM6oMesj3d