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Meta reportedly preparing 10% Reality Labs staff cut as funding shifts toward AI
Meta is reportedly planning to lay off about 10% of employees at its Reality Labs division this week as it reallocates resources from metaverse projects to artificial intelligence and wearables. The unit, which has around 15,000 staff working on VR hardware and metaverse platforms like Horizon Worlds and Horizon Workrooms, has accumulated more than $70 billion in losses since its launch in August 2020.
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Ukraine Orders Polymarket Website Block on January 12, 2026 for License Violations
On January 12, 2026, Ukrainian authorities ordered communication providers to block access to prediction market platform Polymarket, citing unlicensed gambling activities. The decision, issued under Resolution No. 695 by the National Commission for State Regulation of Communications and Informatization, has led to uneven access across the country while more than $410 million in Ukraine-related bets and $270 million in completed wagers are tied to the platform. Polymarket’s dependence on USDC and Polygon leaves it navigating recurring geo-blocks in multiple jurisdictions.
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