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OverviewAPI
Meta, the social media giant, is set to lay off employees in its silicon unit, Reality Labs, which is focused on creating custom silicon for its metaverse initiatives. The layoffs will affect the Facebook Agile Silicon Team (FAST), which develops custom chips for augmented and virtual reality hardware. The number of employees affected is unknown, but the FAST unit has approximately 600 employees. This move is part of Meta's cost-cutting efforts to improve profitability.

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