Meta CEO Mark Zuckerberg Halts Metaverse Project; Former Employee Cites Management's Disconnect from Youth Usage
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Meta shuts down Metaverse: Ex-employee blames 'out of touch' management for $80B loss
M
Moneycontrol•20-03-2026, 19:02
Meta shuts down Metaverse: Ex-employee blames 'out of touch' management for $80B loss
•Meta CEO Mark Zuckerberg is pulling back from metaverse ambitions, cutting jobs and shutting down its flagship VR platform, Horizon Worlds.
•Horizon Worlds will no longer be supported on VR devices after June 15, 2026, and will be removed from the Quest store by end of March, continuing as mobile-only.
•Over 1,000 jobs were cut in the Reality Labs division in January 2026, with more reductions possible as Meta shifts focus to AI.
•Reality Labs has accumulated nearly $80 billion in losses since 2020, raising concerns about the metaverse strategy's viability.
•Former employee Vasuman Moza criticized leadership, stating 'middle management completely out of touch with how young people actually use technology' led to the project's failure.
