Apple Taps Meta Lawyer as General Counsel in Latest Shake-Up

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.

Meta Platforms Inc.'s CEO Mark Zuckerberg is set to implement significant budget cuts to the company's metaverse initiatives, a project he previously touted as the future of the organization. This decision reflects a shift in priorities as the company reassesses its ambitious goals in the face of financial pressures.

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.

Meta Platforms Inc. has successfully recruited Alan Dye, Apple Inc.'s leading design executive, marking a significant shift in leadership dynamics within both companies. This move is part of Meta's broader strategy to enhance its capabilities in AI-equipped consumer devices.