Of the hundreds of cuts made on Wednesday, the Reality Labs division is one of the prime recipients.
The layoffs come a day after news broke that Meta executives (sans Mark Zuckerberg) could be set for windfalls of up to $2.7 billion each under new pay packages.
Today's cuts of “hundreds” fall well short of its reported 20 percent workforce reduction plans that leaked earlier this month.
At the end of 2025, Meta's workforce stood at around 79,000 people.
However, this could simply be a smaller initial round before the larger cuts come into play.
Earlier in March, Meta reportedly asked some managers to prepare cost-cutting plans.
The company is looking to offset its costly AI infrastructure investments, which include a plan to spend $600 billion on data centers by 2028.
YouTube / Meta The layoffs are also said to affect Meta's recruiting, sales, Facebook and global operations divisions.
But the Reality Labs cuts further illustrate how the company's VR and metaverse bets failed to pay off.
Today’s cuts follow layoffs in January that shed over 1,000 jobs from the division, which has lost over $70 billion since the beginning of 2021.