After laying off 1500 people, losing $88 billion; Meta CFO Susan Li tells analyst where the Reality Labs division will focus on - The Times of India
Meta Platforms is reshaping its Reality Labs division after facing major financial pressure, including large employee layoffs and billions of dollars in losses. During a recent earnings discussion, Meta’s Chief Financial Officer Susan Li explained that the company is now taking a more focused and disciplined approach toward its metaverse ambitions. Instead of spreading resources across multiple experimental projects, Reality Labs will concentrate on areas that show clearer long-term value, such as mixed reality hardware, artificial intelligence integration, and practical consumer use cases. Li highlighted that Meta is aiming to balance innovation with cost efficiency, especially as investors closely monitor spending. The company continues to believe in the future potential of immersive technologies, but leadership is prioritizing products that can realistically scale and improve user engagement. This strategic shift signals Meta’s intent to stabilize finances while still investing in next-generation digital experiences that align with its broader AI and social platform ecosystem.
The Key points
- Meta laid off around 1,500 employees to cut operational costs.
- Reality Labs reported losses nearing $88 billion over time.
- CFO Susan Li addressed concerns during an analyst call.
- Meta will narrow its metaverse investments.
- Focus is shifting to mixed reality devices.
- AI integration is a key future priority.
- Emphasis on practical, scalable products.
- Cost discipline is now central to strategy.
- Investor pressure is influencing spending decisions.
- Meta still views immersive tech as long-term growth potential.
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