Meta, which set out with the slogan of making the Metaverse concept a world accessible to everyone, did not give up on this business and continued investments despite the billions of dollars wasted. However, it’s now a dead end.Major layoffs in the Metaverse division
To carry out the new concept, Meta established a division called Reality Labs and invested billions of dollars. The department also launched a series of virtual helmets called Meta Quest and also began the development of a special chip.
According to the information received, a total of 600 people are being laid off from the chip team called FAST. During the week, employees who were decided to be dismissed started to receive informative e-mails about compensation and exit procedures.
The FAST team was established to reduce the company’s foreign dependency and take steps towards vertical integration. When things started to go wrong at the beginning of the year, rumors of a restructuring came to the fore.
Disbanding the FAST team could have a knock-on effect, as a Meta virtual reality helmet based on the FAST chip was also on the agenda. On the other hand, a second unit that prepares chip designs for artificial intelligence studies is also going through difficult times. In the past weeks, the head of the department left his post with a sudden decision.
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