--- title: "Facebook is planning another round of layoffs, and staff in this division may be let go today." description: "This round of layoffs may result in job losses in the Metaverse division." author: "Saumya Mishra" published: 2023-10-04 updated: 2023-10-04 canonical: https://www.mindstick.com/news/3380/facebook-is-planning-another-round-of-layoffs-and-staff-in-this-division-may-be-let-go-today category: "technology" tags: ["facebook", "jobs"] reading_time: 1 minute --- # Facebook is planning another round of layoffs, and staff in this division may be let go today. Facebook's parent company, Meta, is set to announce the [layoff of employees](https://answers.mindstick.com/qa/99229/what-caused-the-layoff-of-employees-in-the-it-sector) in its Reality Labs division's silicon unit, focusing on metaverse development. The announcement will be made publicly later today. Employees will receive notifications about their status with the company [later in the day](https://answers.mindstick.com/qa/112399/are-there-any-advantages-to-starting-school-later-in-the-day). **This round of layoffs may result in job losses in the Metaverse division.** Meta, the [tech](https://www.mindstick.com/services/technologies) giant, is reportedly undergoing significant layoffs to streamline its augmented and [virtual reality](https://www.mindstick.com/articles/12735/5-types-of-virtual-reality-that-will-affect-the-future) (AR) [product development](https://www.mindstick.com/articles/12220/software-product-development-comparative-buisness-strategies-between-america-india). The company's FAST unit, which designs custom chips for AR/VR devices, is a key area of concern. The [restructuring](https://www.mindstick.com/news/4616/microsoft-cuts-9-000-jobs-amid-restructuring-drive) was announced after a new executive was appointed to lead the division. Meta has also announced the Quest 3 headset and is working on advanced [AR glasses](https://www.mindstick.com/news/4031/meta-to-unveil-new-ar-glasses-at-connect-event) and smartwatches. The first version of these products is expected to be completed next year, but may not be widely available to consumers at first. The company has cut about 21,000 jobs since November to reassure investors due to declining [revenue growth](https://www.mindstick.com/blog/304632/unlock-revenue-growth-with-these-marketing-strategies), [rising inflation](https://answers.mindstick.com/qa/113994/how-are-governments-addressing-rising-inflation-rates-worldwide), and significant [financial](https://www.mindstick.com/articles/13120/an-expert-financial-advice-will-improve-your-finances) losses in the Reality Labs division. Most layoffs are expected to occur in spring, with some extending through the year's end in limited cases. \ --- Original Source: https://www.mindstick.com/news/3380/facebook-is-planning-another-round-of-layoffs-and-staff-in-this-division-may-be-let-go-today Copyright © MindStick Software Pvt. Ltd. This Markdown version is provided for developers, AI systems, and offline reading.