Business News Report
April 19, 2023

Meta Shifts Its Metaverse Focus to Gaming

In Brief

Mark Zuckerberg intends to shift Meta’s focus from the metaverse to gaming through Reality Labs to cope with the rumored staff reductions.

Meta’s executives are now more enthusiastic about the gaming industry, and the company has been reportedly revamping hardware components to enhance the gaming experience on Quest headsets.

Meta Shifts Its Metaverse Focus to Gaming

As rumors of staff reductions continue, Meta’s CEO, Mark Zuckerberg, intends to redirect attention from the metaverse toward gaming through its VR/AR division Reality Labs.

The big tech ignited a mass round of layoffs back in November 2022. Last month, as part of Meta’s year of efficiency, Zuckerberg announced another round which will begin on May 22 and result in 10,000 more layoffs. Many projects within Reality Labs will be dissolved. Meanwhile, other company teams working on gaming projects should be on the safe side for now.

According to Business Insider, there’s been a recent surge in excitement among Zuckerberg and other top executives at Meta for the gaming industry. However, their enthusiasm for the metaverse has seemingly taken a back seat. The company has also been revamping hardware components to enhance the gaming experience on Quest headsets.

Meta’s Reality Labs also shifted its attention to gaming, which marks a departure from Zuckerberg’s initial vision for the Quest headset to be a device for productivity.

Zuckerberg saw virtual reality as a new world for socializing, work, and commerce, with avatars as the primary mode of interaction in Meta’s metaverse platform, Horizon Worlds. However, the avatars in Horizon Worlds have been criticized for their cartoonish appearance, and the product has struggled to gain widespread adoption. Meta’s last official update on its usage in February 2022 reported having only 300,000 monthly users.

With these changes, Meta hopes to see a different turnaround this year and possibly increase profits. In February, the company reported that Reality Labs suffered an operating loss of over $13 billion for 2022, resulting in a major financial blow for Meta.

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About The Author

Agne is a journalist who covers the latest trends and developments in the metaverse, AI, and Web3 industries for the Metaverse Post. Her passion for storytelling has led her to conduct numerous interviews with experts in these fields, always seeking to uncover exciting and engaging stories. Agne holds a Bachelor’s degree in literature and has an extensive background in writing about a wide range of topics including travel, art, and culture. She has also volunteered as an editor for the animal rights organization, where she helped raise awareness about animal welfare issues. Contact her on [email protected].

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Agne Cimerman
Agne Cimerman

Agne is a journalist who covers the latest trends and developments in the metaverse, AI, and Web3 industries for the Metaverse Post. Her passion for storytelling has led her to conduct numerous interviews with experts in these fields, always seeking to uncover exciting and engaging stories. Agne holds a Bachelor’s degree in literature and has an extensive background in writing about a wide range of topics including travel, art, and culture. She has also volunteered as an editor for the animal rights organization, where she helped raise awareness about animal welfare issues. Contact her on [email protected].

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