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IT Home reported on July 21 that according to The Information, Zuckerberg's Meta is drastically cutting itsMetaverseThe report quoted a former manager of Meta's Reality Labs department, which is responsible for VR, AR and the metaverse, as saying:The division's hardware team has been asked to cut spending by nearly 20% from this year to 2026.

The department reportedly carried out layoffs last year, mainly targeting mid- and senior-level managers, including a dozen vice presidents and directors who were laid off last month.

Meta has invested more than $40 billion in the Metaverse (IT Home Note: Currently about 291.095 billion yuan), which is a key project of Zuckerberg. However, as the company faces economic pressure, Zuckerberg has to re-examine this high-risk investment. He once said that the Metaverse is a "long-term bet", but the company needs to improve efficiency and ensure the rational allocation of resources.

Meta changed its name to Meta in 2021, announcing its entry into the metaverse. But now faced with realistic challenges, the company has to make adjustments to ensure the stability and profitability of its business.