Meta Lays Off Employees from Its Metaverse Custom Silicon Unit

Meta Lays Off Employees from Its Metaverse Custom Silicon Unit

ByAudInsights.blog

Meta, the parent company of Facebook, is reportedly laying off employees from its metaverse custom silicon unit known as the Agile Silicon Team (FAST). The layoffs were announced at a Workplace forum, affecting nearly 600 Facebook employees. The exact percentage or number of job cuts has not been disclosed. FAST was created to design chips for metaverse devices, providing a competitive edge in terms of form factor and integration with software. This move is significant considering Meta’s emphasis on building its metaverse. The decision to lay off staffers comes after the release of the Quest 3 mixed reality headsets. However, this is not the first round of layoffs for Meta, as the company previously announced job cuts in March and November of last year.”

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Source: Meta to lay off staffers at its Facebook Agile Silicon Team: Report

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