Meta is reportedly implementing cost-cutting measures at Reality Labs, its division for VR, AR, and the metaverse.
The division has been asked to reduce spending, The Information reports.
The purse tightening marks a big shift from before, as the metaverse is Zuck's costly pet project.
AdvertisementMark Zuckerberg is reportedly reeling in spending on his big bet at Meta.
The company is tightening its purse strings for Reality Labs, its division for VR, AR, and the metaverse, The Information reported Thursday.
Persons:
—, Mark Zuckerberg
Organizations:
Meta, Reality Labs, VR, Service, Business