{"id":490899,"date":"2025-12-05T07:39:59","date_gmt":"2025-12-05T07:39:59","guid":{"rendered":"https:\/\/www.mobileworldlive.com\/?p=490899"},"modified":"2025-12-05T09:58:40","modified_gmt":"2025-12-05T09:58:40","slug":"meta-ceo-could-pull-back-on-metaverse-resources","status":"publish","type":"post","link":"https:\/\/www.mobileworldlive.com\/meta\/meta-ceo-could-pull-back-on-metaverse-resources\/","title":{"rendered":"Meta CEO could pull back on metaverse resources"},"content":{"rendered":"\n

Meta Platforms CEO Mark Zuckerberg (pictured<\/em>) reportedly hatched a plan to eliminate a chunk of resources for its metaverse group, which he previously championed as a key growth area.<\/p>\n\n\n\n

Bloomberg<\/em> reported Meta Platforms executives are mulling a 30 per cent budget cut for the metaverse sector in 2026 across Meta Horizon Worlds and its Quest VR<\/a> division.<\/p>\n\n\n\n

The news site noted those reductions will most likely include layoffs as early as next month, although a final decision is still pending.<\/p>\n\n\n\n

During Meta Platforms’ annual budget meeting last month, Zuckerberg tasked executives to make 10 per cent reductions across the company, but Bloomberg<\/em> reported it is a similar ask from previous budget cycles the last few years.<\/p>\n\n\n\n

The news site’s sources stated the company is making deeper cuts to the metaverse sector because Meta Platforms has not faced the level of competition it previously expected.<\/p>\n\n\n\n

Bloomberg <\/em>reported the bulk of the proposed cuts are mostly likely to take place across its VR group, which accounts for most of the metaverse related expenditures.<\/p>\n\n\n\n

Zuckerberg has been a big proponent of creating the metaverse, which is why he changed the company\u2019s name from Facebook to Meta Platforms in 2021.<\/p>\n\n\n\n

The company\u2019s Reality Labs is home to its AR and VR technologies, but it has continued to lose billions<\/a> of dollars.<\/p>\n\n\n\n

A representative for Meta Platforms told Mobile World Live <\/em>the company is shifting some of its investment from the metaverse toward AI glasses and wearables \u201cgiven the momentum there\u201d.<\/p>\n\n\n\n

\u201cWe aren\u2019t planning any broader changes than that,\u201d the representative stated.<\/p>\n","protected":false},"excerpt":{"rendered":"

Meta Platforms CEO Mark Zuckerberg reportedly hatched a plan to eliminate a chunk of resources for its metaverse group, which he previously championed as a key growth area.<\/p>\n","protected":false},"author":20254,"featured_media":381646,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"apple_news_api_created_at":"2025-12-05T07:40:04Z","apple_news_api_id":"24175b34-e868-4df1-a6ff-c9cefc00bf86","apple_news_api_modified_at":"2025-12-05T09:58:39Z","apple_news_api_revision":"AAAAAAAAAAAAAAAAAAAAAw==","apple_news_api_share_url":"https:\/\/apple.news\/AJBdbNOhoTfGm_8nO_AC_hg","apple_news_cover_media_provider":"image","apple_news_coverimage":0,"apple_news_coverimage_caption":"","apple_news_cover_video_id":0,"apple_news_cover_video_url":"","apple_news_cover_embedwebvideo_url":"","apple_news_is_hidden":"","apple_news_is_paid":"","apple_news_is_preview":"","apple_news_is_sponsored":"","apple_news_maturity_rating":"","apple_news_metadata":"\"\"","apple_news_pullquote":"","apple_news_pullquote_position":"","apple_news_slug":"","apple_news_sections":[],"apple_news_suppress_video_url":false,"apple_news_use_image_component":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[14886919,14886856,14886865],"tags":[],"site-option":[],"event-cat":[],"class_list":["post-490899","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-big-tech","category-meta","category-north-america"],"acf":[],"apple_news_notices":[],"yoast_head":"\nMeta CEO could pull back on metaverse... - 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