TNB Tech Minute: Meta Lays Off 10% of Staff in Metaverse Division
WSJ Tech News Briefing
The Wall Street Journal
4.3 • 1.7K Ratings
🗓️ 14 January 2026
⏱️ 3 minutes
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| 0:00.0 | Find your perfect home on Realture.com. |
| 0:02.5 | The perfect home in the perfect neighborhood, in the perfect school district perfectly close to work, but perfectly far enough away to escape to. |
| 0:09.8 | With over half a million new listings every month on Realture.com, you won't miss out on your perfectly perfect home. |
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| 0:20.5 | Based on average new for sale and |
| 0:22.3 | rental listings July 24th through June 2025. Number one trusted based on August 2025 proprietary survey |
| 0:28.3 | among real estate professionals. Here's your afternoon T&B Tech Minute for Wednesday, January 14th. |
| 0:35.9 | I'm Julie Chang for the Wall Street Journal. |
| 0:38.5 | META has laid off 1,500 people, or about 10% of staff, from its reality labs division. |
| 0:44.9 | That's according to a person familiar with the matter. The unit houses META's virtual and |
| 0:49.2 | augmented reality efforts. In December, the journal reported that META was planning to make |
| 0:53.8 | budget cuts to the teams working on the Meta was planning to make budget cuts to the teams |
| 0:55.0 | working on the Metaverse and shift some spending over to AI glasses. Tech stocks stumbled today |
| 1:01.6 | with investors voicing concerns about high valuations and burdensome new rules. Invitya and Palantir |
| 1:08.0 | both fell 2% or more by midday, dragging down the NASDAQ composite by 1.6% and the S&P 500 by 1.1%. |
| 1:16.6 | Some investors were made jittery by Florida Governor Ron DeSantis' warnings yesterday about AI's perils. |
| 1:23.1 | DeSantis last month introduced a bill that would add limitations and disclosure requirements for companies using AI. |
| 1:29.0 | The CEO at Infrastructure Capital Advisors says that and the high price of tech stocks has left investors wary about whether they can continue to rely on the tech sector for outsized gains. |
| 1:40.4 | Finally, if you use Verizon, you may have noticed some issues with your phone. Verizon Communications |
| 1:46.4 | said customers throughout the U.S. experienced service disruptions today. A company spokesman said |
| 1:52.3 | they're working to solve the issue. According to Outage tracking site, Down Detector, nearly |
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