Meta’s top technology executive has openly defended the company’s recent layoffs, offering a clear explanation for why the tech giant is pulling back from some of its virtual reality plans while continuing to spend heavily in other areas.

Meta CTO Andrew Bosworth, who is attending the World Economic Forum in Davos, Switzerland, spoke about the changes during a podcast recorded on the sidelines of the event. Bosworth said the decision to cut jobs inside Meta’s Reality Labs division came down to one key issue: VR headsets hav

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