Meta Plans 30% Cut to Metaverse Budget in 2026 as Reality Bites: Bloomberg
Meta is reportedly discussing up to a 30% budget cut for its metaverse division in 2026, including layoffs, due to slower-than-expected user adoption.Summary
Meta is considering significant budget reductions of up to 30% for its metaverse division in 2026, which encompasses the Horizon Worlds platform and the Quest headset unit, according to sources cited by Bloomberg. This deeper cut follows a general request for 10% savings across all departments, stemming from the broader tech industry's slower embrace of the metaverse than Meta anticipated. The largest reductions are expected within the virtual reality group, which consumes the majority of metaverse-related spending. This strategic pivot comes as the tech world shifts focus toward AI and spatial computing, exemplified by Apple's Vision Pro. Meta's Reality Labs division has already incurred over $70 billion in losses since the start of 2021.
(Source：CoinDesk)