Meta plans to cut about 10% of its employees in the Reality Labs division, which focuses on metaverse products like virtual and augmented reality glasses and headsets. This decision follows ongoing financial struggles within the division, which has reported losses of around $70 billion since 2020. The metaverse concept, heavily promoted by CEO Mark Zuckerberg, has failed to gain traction among consumers, with only the Ray-Ban smart glasses seeing any notable success. Reality Labs has consistently operated at a loss, reflecting broader challenges in monetizing metaverse technologies. Despite significant investment, the division has not produced products that resonate with the market. In response to these setbacks, Meta is now shifting its focus toward developing AI “superintelligence,” indicating a strategic change in priorities as the company seeks more viable avenues for growth.