[Meta's 'Metaverse' Vision Faces Major Strategic Retrenchment, Reality Labs Lays Off Over 1,000 Employees] BlockBeats News, January 14: According to a report by *Fox Business*, Meta initiated its latest round of layoffs in early 2026, primarily targeting its Reality Labs division (responsible for VR/AR hardware and metaverse projects), marking a major strategic retreat from the 'Metaverse' vision that Zuckerberg has been heavily promoting since 2014. Meta will cut 10% of the Reality Labs workforce, amounting to over 1,000 positions, with affected employees starting to receive notifications from this Tuesday. Meta is shifting its focus from metaverse products to wearable devices, particularly AI-powered smart glasses. Its metaverse projects have long suffered significant losses, with Reality Labs accumulating over $70 billion in operational losses since 2021, including a $4.4 billion loss in the third quarter of fiscal year 2025 alone.