Facebook stock photo 17

Credit: Edgar Cervantes / Android Authority
  • Meta held a town hall meeting and made a few announcements.
  • The company announced it would be ending its Portal smart display business.
  • The company also announced that it would sunset its smartwatch projects.

After a tumultuous year, Meta is making some moves to improve the efficiency of its business. One of those moves will see the end of the development of some unreleased smartwatches.

Last Wednesday, the Facebook parent company announced it was laying off over 11,000 employees — 13% of its staff. After this, CEO Mark Zuckerberg took to the company blog to state: