Meta cut 1,000 Reality Labs jobs, shift investment from VR to AI smart glasses

Meta don cut about 1,000 jobs — na be roughly 10% for im Reality Labs unit — and dem dey shift money from some VR and metaverse projects go AI‑powered wearables, especially Ray‑Ban Meta smart glasses. The cuts hit teams wey dey work on Quest VR headsets, Horizon Worlds, internal studios and enterprise Quest programs. Reality Labs don report over $70 billion cumulative losses since late 2020, so executives come ‘right‑size’ investment and slow down new consumer VR hardware launches; no Quest hardware show for Meta Connect 2025. Industry analysts and developers talk say this move show say consumer VR still be niche market, with headsets dey mostly appeal to gaming crowd not general consumers. For traders: the job cuts and budget shift fit reduce Reality Labs cash burn, change R&D timelines for XR/metaverse projects, and shift investor attention to AI hardware and wearables supply chains. Watch AR/VR equities, hardware component suppliers, and investor sentiment for possible volatility; the decision fit favor companies wey get exposure to AI glasses and wearables over pure‑play VR firms.