Mark Zuckerberg is planning significant budget cuts for Meta's metaverse initiatives, which he once touted as the company's future. Reports indicate that the metaverse group may face cuts of up to 30% in the coming year. This includes projects like Meta Horizon Worlds and the Quest virtual reality unit. The potential reductions could lead to layoffs as early as January, although no final decision has been made yet. The shift in focus comes as Meta reassesses its strategy. The metaverse, which was a central part of the company's rebranding from Facebook to Meta, is now under scrutiny as the company grapples with financial pressures and a challenging market. Executives are evaluating how to allocate resources more effectively, reflecting a broader trend among tech companies to tighten budgets and prioritize profitability.