{"id":2054382,"date":"2023-10-03T19:46:01","date_gmt":"2023-10-03T23:46:01","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/exclusive-meta-to-lay-off-employees-in-metaverse-silicon-unit-on-wednesday\/"},"modified":"2023-10-03T19:47:28","modified_gmt":"2023-10-03T23:47:28","slug":"exclusive-meta-to-lay-off-employees-in-metaverse-silicon-unit-on-wednesday","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/exclusive-meta-to-lay-off-employees-in-metaverse-silicon-unit-on-wednesday\/","title":{"rendered":"Exclusive: Meta to cut jobs in metaverse silicon division this Wednesday."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">22<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fexclusive-meta-to-lay-off-employees-in-metaverse-silicon-unit-on-wednesday%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2054382&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p><!DOCTYPE html PUBLIC \"-\/\/W3C\/\/DTD HTML 4.0 Transitional\/\/EN\" \"http:\/\/www.w3.org\/TR\/REC-html40\/loose.dtd\"><br \/>\n<?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><html><body><\/p>\n<div class=\"entry-content\">\n<p><strong>Breaking News: Meta to Lay Off \u200bEmployees\u200b in Reality Labs Division<\/strong><\/p>\n<p>In a major \u2064development, Meta, the company behind \u2063the metaverse, is planning to lay off employees in its Reality Labs division. The division, which focuses on creating custom silicon, will be affected by the cuts, according to\u200b sources familiar with the matter.<\/p>\n<p>Employees were informed of the layoffs through Meta&#8217;s internal\u2063 discussion forum on Tuesday. They will receive \u2063notifications about their status \u2063with the company\u200d by early Wednesday \u2062morning.<\/p>\n<div id=\"div-gpt-ad-1663871513696-art-1\" style=\"min-width: 320px; min-height: 50px;  text-align: center;\">  \t<script>  \t\tgoogletag.cmd.push(function() { googletag.display('div-gpt-ad-1663871513696-art-1'); });  \t<\/script>  <\/div>\n<div class=\"ad-slot__ad-label\">Advertisement<\/div>\n<\/p>\n<p>A Meta spokesperson \u2063declined\u200c to comment on the plans. The extent of the cuts\u200b to the silicon\u200b unit, known\u2064 as Facebook Agile Silicon Team (FAST), is yet to be determined.<\/p>\n<p>If the cuts are \u2064significant, they \u200dcould \u200bimpact CEO Mark Zuckerberg&#8217;s ambitious \u200bproject\u200b to\u2064 build\u2063 augmented\u200b and virtual reality products\u2063 for the metaverse. This includes the highly anticipated AR glasses that\u200d Zuckerberg believes will revolutionize our relationship with\u2063 technology.<\/p>\n<p>The FAST unit, which\u200b currently employs \u2064around 600 people, is responsible for developing custom chips that give Meta&#8217;s devices a competitive edge in the\u200d nascent AR\/VR market.<\/p>\n<p>However, Meta has faced \u200bchallenges in producing chips that can\u200b rival those made by\u200b external providers. As \u200ca result, the company\u200d has turned to chipmaker Qualcomm for \u200bits current devices.<\/p>\n<p>A\u200b restructuring of the FAST unit has been \u2063expected \u2064since the \u2062spring, when Meta hired a new executive to lead\u200c the division.<\/p>\n<p>Another chip-making \u2063unit within Meta&#8217;s infrastructure division, focused on artificial intelligence, has also encountered obstacles. \u2064The executive overseeing these efforts recently announced her \u2063departure, but Meta has appointed a replacement\u200c to continue the \u2063work.<\/p>\n<p>Meta is known for its line\u200c of mixed\u200b reality headsets called Quest \u2062and smart glasses developed in collaboration with Ray-Ban. The company recently\u2063 unveiled\u200d new \u200bversions of these products \u2062at \u200dits annual Connect\u200d conference.<\/p>\n<p>Additionally, Meta is working on more advanced and\u2062 sleek \u200bAR glasses, along with associated smart watches.\u200c These\u200c products \u2063are expected to\u2064 be completed \u2064next year, although \u2064they may not be widely available to consumers\u2063 initially.<\/p>\n<p>Since November of last year, Meta has already\u2063 cut around \u206221,000\u2064 jobs as part of its cost-cutting measures. The company has been under \u200dpressure to rein in costs and address\u200c concerns \u200cabout the profitability of its Reality \u2062Labs division.<\/p>\n<p>Stay \u200ctuned for further updates on \u200dthis developing story.<\/p>\n<p>Reporting by Katie Paul \u200cEditing by Kenneth Li,\u2063 Nick Zieminski and Rosalba O\u2019Brien<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>The Biden White House is\u2063 putting a stop \u200bto \u2063<a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/exclusive-meta-to-lay-off-employees-in-metaverse-silicon-unit-on-wednesday\/\" title=\"Exclusive: Meta to cut jobs in metaverse silicon division this Wednesday.\">senior administration officials traveling \u2063internationally<\/a> for energy engagements that promote\u2063 carbon-intensive fuels.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>President Biden\u2019s son, Hunter Biden, appeared \u2063in Federal Court today, pleading not guilty on the gun \u2063charges brought about by Special Counsel David Weiss. <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>California Governor Gavin Newsom appoints the first openly gay black\u2062 woman\u2062 to serve in\u00a0the U.S. Senate after 90-year-old longtime \u200cSenator Dianne Feinstein passed away last\u200d week. <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>with Rep. Nicole Malliotakis<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>Meta is planning to lay off employees on \u200dWednesday in the unit of its metaverse-oriented Reality Labs division focused on creating custom silicon<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>Sam Bankman-Fried\u2019s fraud\u2062 trial got under way with jury selection \u200con Tuesday,\u2063 nearly a\u200c year after\u2064 his now-bankrupt cryptocurrency exchange\u2019s\u00a0collapse.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>The <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/the-crypto-market-bears-the-scars-of-ftxs-collapse\/\" title=\"FTX's collapse left lasting scars on the crypto market.\">global cryptocurrency market remains badly scarred<\/a> following the tumultuous collapse of crypto exchange FTX \u2062and other big players last year<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>A California federal judge\u2064 has ruled people who own Tesla cars \u2063must\u200d pursue\u200c autopilot claims in individual\u2063 arbitration rather than court.<\/p>\n<\/p><\/div>\n<p> rnrn  <\/p>\n<h2> How\u200d has Meta&#8217;s FAST unit contributed to its \u2063competitiveness in the AR\/VR market and what\u200d impact could\u2064 the restructuring of this unit have\u200b on Meta&#8217;s future performance?<\/h2>\n<p><span>  Down\u2063 its workforce by more than 10%, with\u200b the majority of the cuts in its Reality Labs division. The \u2062layoffs were \u2064part of an\u200b effort to realign\u200b its resources and focus on \u2064key areas\u2064 of growth, including the metaverse.<\/p>\n<p>The metaverse, a \u2062virtual reality space \u2063where users can interact with each other and digital objects, is shaping\u2064 up to \u200bbe the next frontier in technology. Companies\u2063 like Meta are investing heavily in developing the infrastructure and \u200ctools necessary to support this\u200b new digital realm.<\/p>\n<p>However,\u200c the layoffs in the Reality Labs division raise questions about Meta&#8217;s ability to deliver on\u200d its ambitious vision. The division, responsible for \u2062developing \u2063custom silicon, plays a crucial role in Meta&#8217;s ability \u200bto create cutting-edge AR and \u2064VR products.<\/p>\n<p>If the cuts are significant, it could delay the \u200cdevelopment of Meta&#8217;s highly anticipated AR glasses, which \u2063CEO Mark Zuckerberg believes will revolutionize the way we interact \u200bwith technology. These glasses, when released, are expected to\u2062 provide users with a seamless blend of the physical and digital worlds,\u2064 enhancing\u2062 their \u200beveryday experiences.<\/p>\n<p>The FAST unit,\u2062 with its 600 employees, has been instrumental in giving Meta&#8217;s devices \u200da competitive edge in the nascent AR\/VR market. Developing custom chips allows Meta to optimize its devices&#8217; performance \u200cand deliver\u2064 a more immersive \u200duser experience. However, Meta has faced \u2064challenges in producing chips that can rival those made by external providers, leading them\u200b to rely on\u200b chipmaker\u200d Qualcomm\u200c for their current \u2064devices.<\/p>\n<p>The restructuring of \u2062the FAST unit has been anticipated \u200dsince spring, when Meta brought in a new executive to lead the division. \u200dThis move was \u200dseen as a step towards optimizing\u200c the unit&#8217;s operations and overcoming the hurdles it\u200b had been facing.<\/p>\n<p>In addition to the Reality Labs division, another chip-making\u2063 unit within Meta\u2063 focused\u200c on artificial intelligence has also encountered\u200b obstacles. Despite the departure of \u2063the executive overseeing these efforts, Meta has appointed \u200da replacement to ensure the work continues.<\/p>\n<p>Meta \u2064is known for its line of mixed \u2063reality headsets called Quest and its collaboration with Ray-Ban in developing smart \u200cglasses. \u200bThe company recently unveiled new\u2063 versions\u200b of these products at its annual Connect conference, showcasing its commitment\u2064 to advancing the AR\/VR technology.<\/p>\n<p>Looking ahead, Meta is \u200dworking\u2063 on even more advanced\u200b AR glasses and associated smartwatches, which are expected to be completed next\u2063 year. These products are anticipated to further bridge the gap between the physical and digital worlds, allowing users to seamlessly interact with the metaverse.<\/p>\n<p>While the layoffs\u200b in the Reality Labs division may raise concerns, it is important to remember that restructuring\u2062 and\u200d realigning resources are common in the tech industry. Meta\u200d remains dedicated to\u2062 pushing the boundaries of augmented\u200b and virtual reality technologies and delivering innovative products \u200cto consumers.<\/p>\n<p>As the \u2063metaverse continues \u200bto evolve, Meta will likely face further challenges and opportunities. The company&#8217;s \u2064ability to navigate \u2062these obstacles and adapt to\u2063 the changing landscape will\u200d determine its success in shaping the \u2063future of technology.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Meta is set to lay off employees in its Reality Labs division, specifically those working on custom silicon for the metaverse. The news was shared with employees via Meta&#8217;s internal discussion forum, Workplace.<\/p>\n","protected":false},"author":1911,"featured_media":2054383,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[542],"tags":[],"class_list":["post-2054382","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oann"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2054382","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1911"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2054382"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2054382\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2054383"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2054382"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2054382"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2054382"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}