Meta has dropped its plans to step into the wearable accessories market by pulling the plug on two unreleased smartwatches. It has also stopped manufacturing the video-calling display platform, Portal.
After Twitter laid off half its workforce, Facebook’s parent company Meta decided to lay off 11,000 employees last Tuesday. While the company wants to cut costs and survive through one of the most challenging times, the layoffs will impact Meta’s future product ambitions.
The company is pulling the plug on two unreleased smartwatches and its popular video-calling display platform, Portal. As per a report published by Reuters on November 12, 2022, Meta execs confirmed at a town hall meeting that the company is killing both projects.
