Reality Labs' Budget Slashed by 20% by Meta, Aiming to Save $3 Billion
Shaping the Future: Meta's Strategy Shift and Technological Endeavors In an ever-evolving digital world, companies like Meta are at the forefront, constantly innovating to stay ahead Recently, it has come to light that the social media giant is making significant adjustments to its budget allocations, particularly within its Reality Labs division These changes mark a pivotal moment in the company's journey, hinting at a transformative phase aimed at solidifying its position in the technological sphere Cutting Costs to Forge Ahead Meta has taken a decisive step by reducing the budget for its Reality Labs division by roughly 20% for the period up to 2026 This move, as reported by The Information, showcases Meta’s intent to streamline its operations and resources in anticipation of several major hardware launches that are on the horizon...
Read more