Reality Labs All-Hands Meeting
Andrew Bosworth, Meta's Chief Technology Officer and head of Reality Labs, scheduled an all-hands meeting for January 14. He characterized it as the "most important" meeting of the year.
Bosworth also advised Reality Labs employees to attend the meeting in person, according to two Meta employees. This emphasis on in-person attendance is reportedly unusual for the division, which manages wearables, virtual and augmented reality initiatives, and a developing robotics unit. Some managers reportedly instructed employees to prioritize in-person attendance.
Meta did not immediately respond to a request for comment regarding the meeting.
Financial Performance and Strategic Shifts
Reality Labs has recorded over $70 billion in losses since 2020, despite some successes such as Ray-Ban smart glasses.
Meta CEO Mark Zuckerberg shifted the company's strategic focus toward AI from the metaverse last year. In 2025, Meta invested $14.3 billion in Scale AI and appointed its CEO, Alexandr Wang, to lead AI initiatives. The company also recruited AI researchers and engineers from other tech firms.
Reality Labs has experienced multiple reductions over the past year. In December, reports indicated Meta was planning budget reductions up to 30% and considering job cuts within Reality Labs. Layoffs occurred in April, affecting Oculus Studios and the Supernatural VR fitness app team. These followed January 2025 company-wide layoffs that eliminated approximately 4,000 roles, including at least 560 in Reality Labs.
Bosworth's Past Statement
In a memo from last year, Bosworth described 2025 as "the most critical" year in his eight years at Reality Labs. He wrote that the year would likely determine the success or failure of the initiative.