Location: Menlo Park, California, USA.
Department affected: Reality Labs.
Based on news reporting.
Meta Platforms, Inc. has laid off approximately 350 employees from its Reality Labs mixed reality unit as part of ongoing restructuring efforts. The layoffs occurred in Menlo Park, California, and are part of a broader strategy to streamline operations and reduce costs amid challenging economic conditions. This move follows previous workforce reductions earlier in the year, reflecting the company's shift in focus towards more profitable areas. The Reality Labs division has faced scrutiny due to its high expenditures and the need for profitability in the competitive tech landscape.
Meta Platforms, Inc. cut 350 jobs affecting its Reality Labs team as of October 1, 2023.
That is roughly 0.5% of the 72,404 people Meta Platforms, Inc. employs.
LayoffTalk has tracked 100 layoff events at Meta Platforms, Inc. since October 2023, affecting a combined 83,395 employees.
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