After laying off 1500 people, losing $88 billion; Meta CFO Susan Li tells analyst where the Reality Labs division will focus on
Meta’s Reality Labs division is shifting focus from VR to wearables, despite continued development of future VR headsets. The company confirmed a significant reduction in VR investment this year, while increasing spending on wearables like smart glasses. This strategic pivot follows substantial losses in Reality Labs, with a projected peak in 2026 before expected declines….
