After Twitter laid off half its workforce, Fb’s mother or father firm Meta determined to put off 11,000 workers final Tuesday. Whereas the corporate needs to chop prices and survive by means of probably the most difficult instances, the layoffs will affect Meta’s future product ambitions.
Meta kills its video conferencing platform and unreleased smartwatches
The corporate is pulling the plug on two unreleased smartwatches and its in style video-calling show platform, Portal. As per a report printed by Reuters on November 12, 2022, Meta execs confirmed at a city corridor assembly that the corporate is killing each initiatives.
In line with one other report by The Verge, the corporate stopped making Portal video-calling gadgets for customers in June 2022. Moreover, it has additionally shelved the smartwatches in growth, considered one of which was codenamed “Milan” and was imagined to retail for round $349. Final yr, the publication additionally reported that the smartwatch would characteristic two built-in cameras.
Citing a number of stories, Meta, known as Fb again then, was engaged on a smartwatch with two built-in cameras. Whereas one of many cameras was imagined to be on the entrance panel for video calling, the opposite auto-focus digicam was on its again for capturing movies when indifferent from the body.
Fb was additionally speaking to different firms to make equipment for the smartwatch that might match its removable show on issues like backpacks. Again then, the corporate had plans to increase into extra client gadgets, however these will not come to life now.
Firm to give attention to Metaverse-related merchandise
About 46% of the corporate’s latest layoffs had been associated to tech, as reported by Reuters. Though we have no idea what proportion of workers had been within the {hardware} growth departments, the corporate continues to be pursuing a few of its product initiatives within the type of the newest Quest Professional headset and others associated to augmented and digital actuality.
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