Meta is reportedly cancelling some Reality Labs projects

Facebook’s transition to the metaverse is still a mess. Meta’s Reality Labs division, home to its hardware work and other Metaverse initiatives, will cut some of its projects. to ReutersIt’s unclear which projects will be affected, but Meta CTO Andrew Bosworth reportedly told employees that the company can no longer afford some of the work it once planned, and that some other projects will be “delayed.”

The news is the latest blow to Meta’s ambitious plan to reposition the company around virtual reality and the metaverse rather than its social loses At Reality Labs in 2021 and planning to hire 2022 compared to previous years.

In the meantime, the company is apparently still going all out , a “high-end” VR headset expected to launch this fall. Meta CEO Mark Zuckerberg New details on the device’s “color transfer technology” will “enable developers to build a whole new level of mixed reality experiences.”The company also just opened its first brick-and-mortar store Outside the Reality Lab headquarters.

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