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Techub News reports, according to Fox Business, Meta is initiating layoffs within Reality Labs, affecting approximately 10% of the division's workforce, which corresponds to over 1,000 positions. Notifications related to these layoffs have been issued starting this Tuesday. A Meta spokesperson stated that the company will shift some of its investments from the metaverse to wearable devices and plans to use the saved costs to support the growth of its wearable business. The report points out that Reality Labs has accumulated losses exceeding $70 billion since 2021, with operational losses alone reaching approximately $4.4 billion in the third quarter of the 2025 fiscal year.
Techub News, according to CryptoBriefing, Meta's Reality Labs division reported a loss of $4 billion in the first quarter of 2026, highlighting its financial pressure in VR/AR operations. The results come as Meta adjusts its AI strategy, shifting from open-source to the upcoming closed-source "Avocado" model. The division has long borne the primary losses from Meta's metaverse investments, but the company still plans to maintain high AI infrastructure spending. With the current intensifying AI competition between China and the U.S., Chinese labs are advancing open-source models at lower costs, challenging Meta's technological leadership and affecting market expectations for its short-term stock performance.
Techub News: The Ministry of Industry and Information Technology, the National Development and Reform Commission, the Ministry of Commerce, the Ministry of Culture and Tourism, the People's Bank of China, and the State Administration for Market Regulation have issued the "Implementation Plan for Enhancing the Supply-Demand Adaptability of Consumer Goods and Further Promoting Consumption." The plan proposes orderly development of platform consumption. It calls for the orderly development of new business formats such as live-streaming e-commerce, instant retail, curated retail, and circular e-commerce. Platforms are encouraged to legally and compliantly use artificial intelligence technology to explore user needs and match push products and services. Platform enterprises are supported in applying digital intelligence technologies such as virtual reality, the metaverse, artificial intelligence, and blockchain to create multi-scenario, immersive consumption experiences. Platform enterprises are guided to carry out brand and quality promotion activities to boost consumption. The primary responsibility of platform enterprises is emphasized, requiring strengthened qualification reviews of operators and product information verification, as well as improved rapid dispute resolution mechanisms for consumption issues.
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