Meta is reportedly axing some Reality Labs projects

Facebook’s pivot to the metaverse continues to be messy. Meta’s Reality Labs division, home to its hardware efforts and other metaverse initiatives, will be cutting some of its projects, according to Reuters. It’s not clear which projects will be affected, but Meta CTO Andrew Bosworth reportedly told employees the company is no longer able to afford some of the work it had once planned, and some other projects will be “postponed.”