The company is cutting more than 1,000 jobs from its Reality Labs division where employees work on its virtual reality and augmented reality efforts.

The division currently has about 15,000 employees, so the layoffs will shrink the team by about 10%. The job cuts come after Meta CEO Mark Zuckerberg and other company executives began eyeing potential budget cuts as high as 30% for the company’s metaverse business last month.

Meta has been investing heavily in infrastructure to fuel its AI "superintelligence" ambitions. The company also recently announced three agreements to buy massive amounts of nuclear power to help power its data centers. Zuckerberg has previously said he expects Meta to spend $600 billion on AI infrastructure and jobs by 2028.

Meta and EssilorLuxottica are considering doubling the production capacity of their artificial intelligence-powered smart glasses to 20 million units annually by the end of this year, Bloomberg News reported on Tuesday.

Meta cuts over 1,000 jobs from its Reality Labs division as the company shifts its focus from metaverse products to wearable technology investments and development.

Meta announced agreements with two energy companies to revive Ohio's two nuclear power plants, while using new advanced reactors to power data centers.

Meta’s VR gaming push is shrinking, and you’ll feel it. Reality Labs layoffs and the closure of the studios behind Resident Evil 4 and Deadpool point to fewer big exclusives for Quest owners.