<ul><li>Meta has initiated a new round of layoffs within its Reality Labs division, as the company continues to streamline operations and concentrate resources on its vision for mixed reality.</li><li>The latest job cuts have impacted teams within Oculus Studios, the arm responsible for developing virtual and augmented reality content for the Meta Quest headsets.</li><li>The downsizing reflects a growing tension between Meta's long-term investments in emerging technologies and short-term financial expectations.</li><li>Reality Labs, Meta's hub for metaverse development, continues to report steep losses, but Meta's metaverse ambitions remain intact.</li></ul>

Meta scales back Reality Labs; trims Oculus Studios

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