Meta CTO Explains Layoffs & Strategy Shift: "VR Is Growing Less Quickly Than We Hoped"

In a series of interviews at Davos, Meta CTO Andrew Bosworth explained that the company is reducing its investment in VR because it is growing less quickly than hoped. Meta has shut down three VR game studios, conducted layoffs, canceled the Batman: Arkham Shadow sequel, and shut down Horizon Workrooms and its Quest headsets for business. Bosworth said that Meta will now focus more on Horizon on mobile phones, where there is a larger user base. Bosworth also suggested that Meta will pull back on pushing Horizon Worlds for VR users and on making its own content, leaving the content ecosystem to third-party developers.