Meta Reality Labs makes major strategic adjustments after facing difficulties. This department, which once ambitiously invested in the metaverse, has accumulated losses of over $7 billion and is now facing personnel changes—an internal layoffs rate of 10%. The turning point has arrived: Reality Labs is shifting its focus from virtual reality dreams to more pragmatic fields. The company plans to concentrate on the development of smart glasses and IoT devices. This strategic shift signals that tech giants are reassessing the return on investment in the metaverse while also turning their attention to more grounded AI hardware sectors. For the Web3 ecosystem, this indicates a realignment of traditional tech players' involvement, and the market landscape is evolving accordingly.
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AltcoinTherapist
· 01-15 17:47
7 billion dollars wasted, this is what you call the high-stakes gamble of the metaverse, hilarious
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Another "strategic adjustment," in simple terms, means admitting defeat and shifting focus to AI hardware for a quick profit
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Meta's story tells us that not all Web3 dreams can be funded by burning money; it depends on whether the market buys in
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From the metaverse to smart glasses, how decisive does that turnaround have to be? 10% layoffs are still considered polite
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Are tech giants also starting to chicken out? What are those who hyped the metaverse thinking now
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This is getting interesting. Without Meta's backing, how else can the Web3 narrative be played?
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They only realize AI hardware is important after burning through the money; this timeline is a bit off
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MetaNeighbor
· 01-15 12:00
$7 billion burned and still changing the story, this wave of Meta really slapped in the face. They hyped up the metaverse so much initially, now they're backing down.
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Smart glasses? It’s about time to do it this way. Much better than burning money on virtual dreams.
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Haha, switching to AI hardware is the right move. A bit late to wake up, but at least it's better than continuing to waste money.
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Wait, does this adjustment at Reality Labs indirectly admit that the metaverse approach isn’t working out?
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Does Web3 get affected by this? It seems that traditional big companies retreating doesn’t have a significant impact on the ecosystem.
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Laying off 10%, those who are cut are really having a tough time... but it’s definitely time to stop burning money.
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Can the IoT hardware track beat Apple? Or are they going to hit a wall again?
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To put it bluntly, Meta is just paying for its own bad investments.
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GasFeeAssassin
· 01-15 11:50
7 billion dollars wasted, this is what you call the price of a dream
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The metaverse has a strong daddy vibe, still need to return to reality and focus on hardware
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Have you awakened? Finally understanding that VR glasses are the way to go
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Zuckerberg indeed played himself this time, but shifting to AI hardware isn't bad either
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Web3 here needs to shout out loud, big companies are starting to adjust, it’s inevitable
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Cutting one out of ten, Meta is bleeding heavily
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From the dreamy metaverse back to the reality of the Internet of Things, the scope feels a bit smaller
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Smart people have finally realized it, burning money to learn lessons
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GateUser-e19e9c10
· 01-15 11:48
$7 billion wasted, this is the price of betting on the wrong direction
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The metaverse dream is shattered, now it's time to copy others' homework
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Basically, it's burning money until there's no way out, only to change course and pick up leaks
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Smart people have finally recognized reality, AR glasses are the real deal
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Web3 is still fantasizing, big companies are already pulling back... it's a bit awkward
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Switching to IoT and AI hardware? Now that's the right path, much more practical than blowing bubbles
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Laying off 10% and still have the nerve to call it strategic adjustment? Isn't that just cutting losses?
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Interesting, giants are starting to shift from virtual to real, but the crypto circle is still dreaming
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ForkItAllDay
· 01-15 11:39
7 billion USD was wasted haha, now I finally realize that the metaverse is just a bubble
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Meta still needs to get back to reality, virtual glasses are much more reliable than virtual worlds
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So even big companies throwing money around can end up digging their own graves; Web3 needs to figure things out on its own
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Shifting focus to AI hardware is smart, but does it have any direct impact on the blockchain space?
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Laying off 10% and still talking about strategic adjustments—it's obvious a strategic mistake
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It feels like Silicon Valley is now rethinking what true demand is; the metaverse dream has shattered
Meta Reality Labs makes major strategic adjustments after facing difficulties. This department, which once ambitiously invested in the metaverse, has accumulated losses of over $7 billion and is now facing personnel changes—an internal layoffs rate of 10%. The turning point has arrived: Reality Labs is shifting its focus from virtual reality dreams to more pragmatic fields. The company plans to concentrate on the development of smart glasses and IoT devices. This strategic shift signals that tech giants are reassessing the return on investment in the metaverse while also turning their attention to more grounded AI hardware sectors. For the Web3 ecosystem, this indicates a realignment of traditional tech players' involvement, and the market landscape is evolving accordingly.