{"id":298987,"date":"2025-12-04T17:58:09","date_gmt":"2025-12-04T17:58:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/298987\/"},"modified":"2025-12-04T17:58:09","modified_gmt":"2025-12-04T17:58:09","slug":"meta-could-ax-up-to-one-third-of-its-metaverse-budget-next-year","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/298987\/","title":{"rendered":"Meta could ax up to one-third of its \u2018metaverse\u2019 budget next year"},"content":{"rendered":"<p class=\"duet--article--dangerously-set-cms-markup duet--article--standard-paragraph _1ymtmqpi _17nnmdy1 _17nnmdy0 _1xwtict1\">Meta may slash its budget for metaverse projects by up to 30 percent next year, according to <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-12-04\/meta-s-zuckerberg-plans-deep-cuts-for-metaverse-efforts\" rel=\"nofollow noopener\" target=\"_blank\">a report from Bloomberg<\/a>. Sources tell the outlet the potential cuts haven\u2019t been finalized, but they would impact the unit that works on Meta\u2019s Quest virtual reality headsets, along with its social platform Horizon Worlds.<\/p>\n<p class=\"duet--article--dangerously-set-cms-markup duet--article--standard-paragraph _1ymtmqpi _17nnmdy1 _17nnmdy0 _1xwtict1\">Zuckerberg asked Meta executives to \u201clook for 10% cuts across the board\u201d as part of its annual budget planning process, according to Bloomberg. However, the outlet reports that Zuckerberg asked the metaverse division, which exists within Meta\u2019s Reality Labs, to slash expenses even more, \u201cgiven that Meta has not seen the level of industry-wide competition over the technology that it once expected.\u201d As part of the potential cuts, Meta could reportedly begin laying off metaverse staff as early as January.<\/p>\n<p class=\"duet--article--dangerously-set-cms-markup duet--article--standard-paragraph _1ymtmqpi _17nnmdy1 _17nnmdy0 _1xwtict1\">Reality Labs has lost over $70 billion since the beginning of 2021, Bloomberg reports, with Meta\u2019s most recent earnings report revealing that the division <a href=\"https:\/\/www.cnbc.com\/2025\/10\/29\/metas-reality-labs-posts-4point4-billion-loss-in-third-quarter.html\" rel=\"nofollow noopener\" target=\"_blank\">continues to bleed cash<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"Meta may slash its budget for metaverse projects by up to 30 percent next year, according to a&hellip;\n","protected":false},"author":2,"featured_media":298988,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[554,84,59,1324,50,227,56,54,55,4297],"class_list":{"0":"post-298987","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-ai","9":"tag-business","10":"tag-gb","11":"tag-meta","12":"tag-news","13":"tag-tech","14":"tag-uk","15":"tag-united-kingdom","16":"tag-unitedkingdom","17":"tag-virtual-reality"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/298987","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=298987"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/298987\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/298988"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=298987"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=298987"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=298987"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}