Meta CTO says cuts to Reality Labs are 'real cause for sadness' — but the company is still 'bullish' on VR

Meta CTO Andrew Bosworth, who heads the Reality Labs unit.

GLENN CHAPMAN/AFP via Getty Images

• Meta CTO Andrew Bosworth said that cuts to the company's VR efforts were "a real loss."
• Bosworth said Meta was still "bullish" on VR, but that the company's investment had to "match the size of growth."
• Meta's Reality Labs, which houses the metaverse, has incurred over $70 billion in losses since 2020.

Meta poured billions into its VR and metaverse efforts. It even renamed the company after it.