Meta claims that Meta will cease all development of its smart displays and smartwatch project. Reuters. According to reports, company executives told employees that those who quit after mass layoffs had been fired. 11,000 people lose their jobsA citywide meeting will be held to complete the work outlet. Meta used to sell Portal devices to consumers. The device saw a small spike in sales during the pandemic, when people had to stay at home and work remotely. The company was eventually acquired by Meta. changing strategiesIn June, the company decided to sell it instead.
the informationPortal accounted for less than 1% of the global market, despite sales increasing in 2021. It may not be worth the effort to develop the consumer segment. The company now believes it is not worth it. According to reports, Andrew Bosworth, CTO, told employees at the meeting that it would take a long time and require a lot of investment to enter the enterprise segment. He felt it was the wrong way for people to invest their time and money.
Although there are reports that Meta has yet to release a smartwatch, LeaksThis particular project has been a subject of much discussion over the years. We won’t see it unless Meta reconsiders its years of development. Bosworth stated that the smartwatch team will now work on the company. augmented reality glassesHalf of Meta’s investment at Reality Labs goes towards AR projects.
Portal’s death was announced by executives. 54% of those who were laid off were in positions that involved commercial sales, and the rest were in technical roles. All levels of the organization were affected. Even employees with high performance ratings were let go. Executives announced that Meta would be integrating its audio-video communication unit with other messaging units and will also create a new division for solving difficult engineering problems.
ReutersThe report didn’t say whether executives had disclosed when they would phase out existing Gateway models or whether they will continue selling them. He didn’t mention when support would end for current devices, but we have asked the Meta for more information. We will update this post if we hear more.
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