.Meta has slashed over 11,000 jobs across its Family of Apps and Reality Labs segments. By parikshitm899
The social media giant said the job cuts were across its Family of Apps and Reality Labs segment. Family of Apps includes Facebook, Instagram, Messenger, WhatsApp and other services, while Reality Labs houses its augmented and virtual reality operations.
Meta also said that Reality Labs' operating losses in 2023 will continue to grow significantly year-over-year.efforts. Facebook even rebranded to Meta to reiterate its focus on building the metaverse.Meta shares were up over 3% at $99.8 during pre-market trading.
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