Meta Cuts Metaverse Budget by Up to 30%

Meta, formerly Facebook, may significantly scale back its metaverse ambitions, with potential budget cuts of up to thirty percent for its metaverse division in 2026. This includes Horizon Worlds and the Quest headset team, potentially leading to job losses. The metaverse, a collection of interconnected virtual worlds, has seen slower user adoption than expected, leading to a shift in focus and potential budget cuts.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.