Meta (META) will lay off an unknown number of workers from its Reality Labs division, according to a Reuters report. The business segment — which is focusing on the development of the tech company’s metaverse — has about 600 employees and is expected to make most cuts from the chip-making unit. Yahoo Finance Reporters Akiko Fujita and Rachelle Akuffo break down the report and discuss what this means for the company’s long-term investment in the metaverse. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
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