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Meta to Lay Off Employees in Metaverse Silicon Unit
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Meta, the parent company of Facebook, is set to lay off employees in its silicon unit, Reality Labs, which focuses on developing custom silicon for metaverse initiatives. The layoffs are part of a broader cost-cutting effort to reduce expenses and improve profitability.
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How does this cost-cutting effort align with Meta's overall strategy for improving profitability?
How will the layoffs in Meta's silicon unit impact the development of custom silicon for metaverse initiatives?
What are the potential consequences of Meta's reliance on Qualcomm for its devices?
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