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Meta Cuts 1,000 Jobs to Streamline Project Phoenix Development

2/7/2026

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Summary

Story summary

Meta laid off over 1,000 Reality Labs employees, and its chief technology officer says the cuts will streamline development of upcoming devices, including Project Phoenix, expected in 2027.
Leaks from VR insiders revealed mock-ups of Project Phoenix and its compute unit, including a waistband clip.
Plans for Malibu 2 and a next-generation Meta Quest remain uncertain after the layoffs.
Major gaming upgrades are anticipated, but details remain vague.

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Story summary

Meta laid off over 1,000 Reality Labs employees, and its chief technology officer says the cuts will streamline development of upcoming devices, including Project Phoenix, expected in 2027.
Leaks from VR insiders revealed mock-ups of Project Phoenix and its compute unit, including a waistband clip.
Plans for Malibu 2 and a next-generation Meta Quest remain uncertain after the layoffs.
Major gaming upgrades are anticipated, but details remain vague.