- Buy Crypto
- Markets
- Futures
- Spot
- Copy Trade
Earn- More
Meta Layoffs Shift Resources From VR and Metaverse to AI Devices
BlockBeats News, January 13th, Meta Platforms (META.O) announced layoffs of over 1,000 employees in its Reality Labs division, as part of the company's shift of resources from virtual reality (VR) and metaverse products to artificial intelligence (AI) wearable devices and phone features.
According to a notice sent out internally by Chief Technology Officer Andrew Bosworth, employees will begin receiving layoff notices starting Tuesday morning. Previous reports from foreign media indicated that this round of layoffs will affect about 10% of the approximately 15,000 employees in Reality Labs.
A Meta spokesperson said: "Last month, we mentioned that we would shift some investment from the metaverse to wearable devices. These layoffs are part of that strategy, and we plan to reinvest the saved resources to support the growth of this year's wearable business." (Jinse Finance)
You may also like
Hong Kong-Based OSL Group Launches $200M Equity Raise for Stablecoin and Payments Expansion
Key Takeaways OSL Group, a prominent digital asset platform in Asia, has initiated a significant $200 million equity…
Crypto Crime Hits $158B in 2025 – But Illicit Use Keeps Declining, Says TRM
Key Takeaways TRM Labs reports a 145% increase in illicit crypto-related transactions reaching $158 billion in 2025, yet…
Bybit to Introduce Dollar Accounts With Partner Banks – Can Crypto Go Mainstream?
Key Takeaways Bybit plans to introduce “MyBank” dollar accounts in partnership with licensed financial institutions, enhancing seamless conversion…
AI Trading Hackathon 2026: Win $1.88M Prize Pool with CoinGecko API (Live Market Data)
One hackathon. Two opportunities. Builders can now win the CoinGecko API track while sharpening their AI trading edge with data-driven strategies in the $1.88 million main competition.
How a Harmless "AI Trading Tool" Became a $Million Crypto Bubble: The Clawdbot Fiasco Explained
Clawdbot Case: How a Non-Trading AI Tool Got Hyped Into a $1M Crypto Bubble | Exposing Market FOMO and Fake Token Scams (With On-Chain Evidence)
Why DePIN Is the Next Big Revolution in 2026-2028
Key Takeaways DePINs have emerged as a vital solution to the infrastructural demands of AI, moving from theoretical…
OWL Tokens Transferred in Potential Sell-off Alert
Key Takeaways $2.1 million in OWL tokens were moved from a team’s wallet, raising concerns about a possible…
Avantis Token Experiences Surge as It Faces Key Resistance
Key Takeaways Avantis token (AVNT) recorded a single-day surge exceeding 27%, outperforming other tokens in its sector such…
Enso’s Recent Liquidation Sparks Market Volatility
Key Takeaways Enso experienced a dramatic $11.67 million in liquidations, with a significant 70.7% involving short positions, indicating…
PENGUIN Token Skyrockets Fueled by White House Post
Key Takeaways The Nietzschean Penguin (PENGUIN) token has experienced a significant price surge following a social media post…
South Korea’s Coinone Considers Stake Sale Amid Rising Coinbase Interest
Key Takeaways Coinone, a regulated cryptocurrency exchange in South Korea, is contemplating a significant stake sale as consolidation…
Could Europe Sell US Debt if a Greenland Deal Doesn’t Come Through?
Key Takeaways The geopolitical tensions involving Greenland could lead Europe to consider offloading US debt as a strategic…
Matcha Meta Breach Associated with SwapNet Exploit Alleviates Up to $16.8M
Key Takeaways Matcha Meta DEX aggregator suffered a significant exploit through its liquidity provider, SwapNet, with losses estimated…
A16z-Supported Crypto Venture Entropy Winds Down, Returns Investor Funds
Key Takeaways Entropy, a startup supported by Andreessen Horowitz and Coinbase Ventures, is closing due to scalability challenges…
Revolut Pursues Banking Expansion in Peru Amid Latin America Remittance Strategies
Key Takeaways Revolut seeks a banking license in Peru as part of its strategic expansion across Latin America,…
AI News Today: Can AI Make Blockchain Systems More Reliable in Live Crypto Markets?
Learn how AI is used in blockchain systems to detect risks, improve reliability, and support secure crypto trading in live crypto market environments.
What Is AI Trading in Crypto Markets and Why WEEX Alpha Awakens Matters in 2026
Learn what AI trading is and how WEEX Alpha Awakens tests AI trading strategies in live crypto markets, helping traders evaluate real AI trading platforms in 2026.
AI Wars Forked Entry Enters Key Phase as 8–10 AI Strategies Per Group Compete for a Single Final Spot
WEEX AI Wars is an AI trading competition and hackathon focused on real-market execution. Learn how AI trading strategies, algorithmic trading, and the prize pool work.
Hong Kong-Based OSL Group Launches $200M Equity Raise for Stablecoin and Payments Expansion
Key Takeaways OSL Group, a prominent digital asset platform in Asia, has initiated a significant $200 million equity…
Crypto Crime Hits $158B in 2025 – But Illicit Use Keeps Declining, Says TRM
Key Takeaways TRM Labs reports a 145% increase in illicit crypto-related transactions reaching $158 billion in 2025, yet…
Bybit to Introduce Dollar Accounts With Partner Banks – Can Crypto Go Mainstream?
Key Takeaways Bybit plans to introduce “MyBank” dollar accounts in partnership with licensed financial institutions, enhancing seamless conversion…
AI Trading Hackathon 2026: Win $1.88M Prize Pool with CoinGecko API (Live Market Data)
One hackathon. Two opportunities. Builders can now win the CoinGecko API track while sharpening their AI trading edge with data-driven strategies in the $1.88 million main competition.
How a Harmless "AI Trading Tool" Became a $Million Crypto Bubble: The Clawdbot Fiasco Explained
Clawdbot Case: How a Non-Trading AI Tool Got Hyped Into a $1M Crypto Bubble | Exposing Market FOMO and Fake Token Scams (With On-Chain Evidence)
Why DePIN Is the Next Big Revolution in 2026-2028
Key Takeaways DePINs have emerged as a vital solution to the infrastructural demands of AI, moving from theoretical…
App