After releasing a mixed-reality headset last month, the company is firing staffers from its metaverse silicon unit, according to a news report. Credit: thinkhubstudio / Shutterstock Facebook-parent Meta is laying off employees from its metaverse custom silicon unit, according to a news report. The layoffs affecting Facebook’s Agile Silicon Team or FAST, as known internally in the company, were announced at a Workplace forum, Reuters cited sources as saying. One of the sources told Reuters the impacted employees would be notified of their status by Wednesday morning without specifying an approximate percentage or number of planned job cuts. FAST is home to nearly 600 Facebook employees, according to the report. An email sent to the company enquiring about the layoffs and the reason behind them went unanswered. The job cuts at FAST come just days after the company released its Quest 3 mixed reality headsets, which are expected to offer a metaverse play. Metaverse is a Facebook-developed concept for virtual environments, based on real-life locations or activities that offer immersive experiences for users. Headsets, such as the Quest 3, are key to such experiences since the user has to put them on to enter such environments. The decision to lay off staffers from FAST seems even more significant as CEO Mark Zuckerberg has been promoting the company’s metaverse play over the last few years. FAST itself was a result of the company’s decision to design chips for metaverse devices that differentiate its products from competition, especially in terms of form factor or bulkiness of the headsets, and also reduce its dependence on mass chipmakers such as Qualcomm. Also, having complete control over its chips and software to run the headsets would make a case for better integration, most likely resulting in a better user experience. This is not the first time that the Facebook, Instagram, and WhatsApp parent has announced layoffs this year. In March, the company said it would be cutting 10,000 jobs and leaving 5,000 vacant roles unfilled. During the same time, Zuckerberg had said that these cuts, for a small number of cases, may be processed throughout the year. Last year in November, Meta said it would cut thousands of jobs, impacting 13% of its global workforce. At the time, Reality Labs, the division responsible for developing the Metaverse, saw its revenue fall by almost half from a year earlier. In the third quarter of the last financial year, Reality Labs suffered a revenue loss of $3.7 billion, bringing its total yearly losses to $9.4 billion, with Meta anticipating these losses would “grow significantly year over year” in 2023. Related content news analysis Apple earnings: About that iPhone 'slump' in China Based on information from Thursday's earnings report, it seems that data pointing to an iPhone slump in China were over-baked. By Jonny Evans May 03, 2024 9 mins iMac iPhone Apple news Microsoft begins to phase out ‘classic’ Teams Microsoft is encouraging Teams customers to move to the new, faster version of the collaboration app; the older version will be switched off next year. By Matthew Finnegan May 03, 2024 3 mins Microsoft Teams Collaboration Software Productivity Software news analysis Apple confirms it will open up the iPad in Europe this fall The latest efforts to comply with Europe’s Digital Markets Act mean developers can offer to side load apps to both iPhones and iPads in the EU. Apple has also taken steps to improve what it offers to smaller and non-commercial developers in the By Jonny Evans May 02, 2024 6 mins iPad Apple Mobile Apps news Udacity offers laid-off US workers free access to its courses for 30 days Sign-ups will be available over the next 30 days By Lucas Mearian May 02, 2024 4 mins Technology Industry IT Jobs IT Skills Podcasts Videos Resources Events SUBSCRIBE TO OUR NEWSLETTER From our editors straight to your inbox Get started by entering your email address below. Please enter a valid email address Subscribe