Meta to Cut Reality Labs Chip Unit, Laying Off Hundreds of Employees

Meta planning to lay off employees in Reality Labs silicon unit on Wednesday
Employees informed of layoffs in internal post on Tuesday
Cuts target Facebook Agile Silicon Team (FAST) focused on custom chips
FAST has around 600 employees currently
Meta struggling to make competitive custom chips, relies on Qualcomm silicon

cnbc.com

Relevant topic timeline:

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