Meta Platforms Inc. (NASDAQ:META), led by Mark Zuckerberg, has reportedly been preparing to lay off employees in its metaverse-oriented silicon unit, Reality Labs, with the announcement expected on Wednesday.
What Happened: On Tuesday, employees at Meta’s Reality Labs division were met with unwelcome news as the company informed them of impending layoffs through an internal post on Meta’s Workplace platform.
The post stated that employees would receive notifications regarding their employment status early on Wednesday, reported Reuters, citing people familiar with the matter.
While the restructuring was expected since Spring, ...