Meta job cuts: Company to axe 10% for AI push; may put break on CEO's long chased vision

Meta is reportedly planning significant job cuts, around 10%, within its Reality Labs division, responsible for VR products like Meta Quest. This strategic shift prioritizes artificial intelligence development, potentially impacting CEO Mark Zuckerberg's long-term metaverse vision. Investors have expressed concerns over substantial VR spending with slower-than-expected consumer adoption.