Exclusive-Facebook-owner Meta tells hardware staffers to prepare for cutbacks

FILE PHOTO: Small figurines are seen in front of displayed Meta logo in this illustration taken February 11, 2022. REUTERS/Dado Ruvic/Ilustration

(Reuters) -Facebook-owner Meta Platforms Inc is preparing cutbacks in its Reality Labs division, a unit at the center of the company's strategy to refocus on hardware products and the "metaverse," a spokesperson confirmed to Reuters on Wednesday.

Chief Technology Officer Andrew Bosworth told Reality Labs staffers during a weekly Q&A session on Tuesday to expect the changes to be announced within a week, according to a summary of his comments viewed by Reuters.