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Meta Could Ax up to One-Third of Its ‘Metaverse’ Budget Next Year

Meta is considering slashing up to 30% of its metaverse budget for next year, targeting projects within Reality Labs such as Quest headsets and Horizon Worlds. The move follows more than $70 billion in losses reported by the division since early 2021. CEO Mark Zuckerberg has redirected corporate focus toward artificial‑intelligence initiatives, hiring high‑profile AI talent. Potential staff reductions in the metaverse unit could begin as early as January, signaling a major strategic pivot.