Chinese media: phone makers Xiaomi, Oppo, Vivo, and Transsion trimmed their 2026 shipment targets, with Oppo cutting up to 20%, due to the memory chip shortage (Maggie Eastland/Bloomberg)

Summary

— I have an opinion on the Meta layoffs that is contrary with most of the VR industry and much of the media, but strongly held. This is not a disaster. They still employ the largest team working on VR by about an order of magnitude. Nobody else is even close. The “Meta is