By Henry Chandonnet Follow

Meta CTO Andrew Bosworth, who heads the Reality Labs unit. GLENN CHAPMAN/AFP via Getty Images

Feb 8, 2026, 3:45 PM IST

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Meta poured billions into its VR and metaverse efforts. It even renamed the company after it. But after the recent round of cuts and product pullback, Meta's CTO acknowledge that the industry was growing "more slowly than we had hoped."

Andrew "Boz" Bosworth did a Q&A on his Instagram story on Monday. One of the questions Meta's chief technology officer received: "There is a lot of doom and gloom about the future of Quest and gaming. What is the truth?"

Bosworth said that the doom and gloom was mostly "overwrought."

"There is a real cause for sadness here," Bosworth said, referencing Meta's recent cuts to its Reality Labs division, which houses Meta's metaverse and VR bets. "You have people doing work that we were excited about, that we wanted to have in the system."