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📉 Meta reportedly cut metaverse budget by 20% as Q2 earnings call looms Meta will reportedly cut the budget of its Real…
📉 Meta reportedly cut metaverse budget by 20% as Q2 earnings call looms
Meta will reportedly cut the budget of its Reality Labs, the division responsible for developing the company’s metaverse hardware and software, by about 20% between now and 2026.
This comes via a report from The Information and aligns with recent indications that Meta plans to shift Reality Labs into production mode ahead of several high-profile hardware launches slated over the next couple of years.