Meta’s Zuckerberg Plans Deep Cuts for Metaverse Efforts

Apple Inc. has appointed Jennifer Newstead, the Chief Legal Officer of Meta Platforms Inc., as its new general counsel, marking a significant shift in its executive team amidst ongoing changes at the company.

Meta has announced plans to significantly cut resources allocated to its metaverse project, a shift from CEO Mark Zuckerberg's earlier vision of the metaverse as the company's future direction. This decision reflects a reevaluation of priorities amid financial pressures and scrutiny regarding the project's viability.

Meta is set to reduce its metaverse unit budget by 30%, a significant cut that reflects a strategic shift under CEO Mark Zuckerberg as the company reassesses its financial priorities. This decision comes amid ongoing scrutiny and challenges in demonstrating profitability in its ambitious metaverse project.

Meta is set to significantly reduce its investment in the metaverse, with CEO Mark Zuckerberg announcing a strategic shift that includes a 30% budget cut for the metaverse unit. This decision marks a departure from Zuckerberg's earlier vision of the metaverse as a central focus for the company's future growth.

Meta Platforms Inc. is set to cut its metaverse unit budget by up to 30%, a significant reduction that reflects a strategic shift under CEO Mark Zuckerberg. This decision marks a departure from Zuckerberg's earlier vision of the metaverse as a key future direction for the company, which was a major factor in its rebranding from Facebook Inc.

Meta Platforms Inc. is reportedly planning significant budget cuts to its metaverse initiatives, potentially reducing funding by up to 30% in 2026, which may lead to layoffs as early as January. This decision reflects ongoing challenges in the company's ambitious metaverse strategy under CEO Mark Zuckerberg.

Yann LeCun, a prominent figure in artificial intelligence, has announced that his upcoming startup will not receive financial backing from Meta Platforms Inc. as he prepares to leave the company at the end of the year. The startup will focus on developing advanced AI world models and is expected to be based in Paris.

Mark Zuckerberg has announced the establishment of a new creative studio within Meta's Reality Labs, which will be led by Alan Dye, a former Apple design executive, who will also be joined by Billy Sorrentino. This move is part of Meta's strategy to enhance its design capabilities and innovation in the realm of virtual and augmented reality.