Meta cuts 1,500 staff from metaverse division in major restructuring move. The social media giant's aggressive downsizing signals shifting priorities as the metaverse faces slower-than-expected adoption rates. This reflects broader challenges in the virtual world sector, where major tech players are recalibrating investments amid uncertain ROI timelines. The move raises questions about the metaverse's near-term viability and could influence how other enterprises approach immersive technology development and funding strategies moving forward.
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Meta cuts 1,500 staff from metaverse division in major restructuring move. The social media giant's aggressive downsizing signals shifting priorities as the metaverse faces slower-than-expected adoption rates. This reflects broader challenges in the virtual world sector, where major tech players are recalibrating investments amid uncertain ROI timelines. The move raises questions about the metaverse's near-term viability and could influence how other enterprises approach immersive technology development and funding strategies moving forward.