๐จMeta to cut staff in Reality Labs division๐ฉโ๐ป focusing on #metaverse development. Layoffs to affect Facebook Agile Silicon Team, working on custom chips for AR & VR devices๐ถ๏ธ. Move aims to concentrate on "less bulky AR glasses"๐ with first version expected in 2024. This is Meta's 2nd round of layoffs since 2022, after cutting 11,000 jobs in November๐. Despite cuts, Meta plans to double down on metaverse investments๐ฐ. Thoughts on Meta's strategy? Share in the comments๐