Meta has announced a major restructuring of its metaverse division, cutting approximately 1,500 positions as part of strategic realignment. This significant workforce reduction underscores the company's pivot in its Web3 and metaverse investment approach. The move reflects broader industry challenges in the metaverse sector, where adoption rates have yet to meet earlier expectations. The cuts signal Meta's reassessment of its long-term commitment to building immersive digital ecosystems. Industry observers note this adjustment could reshape metaverse development timelines and influence how major tech players allocate resources toward blockchain-based virtual worlds going forward.

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