OAKLAND, Calif., Nov 11 (Reuters) - Facebook owner Meta Platforms (META.O) told employees on Friday that it would stop developing smart displays and smartwatches and that nearly half of the 11,000 jobs it eliminated this week in an unprecedented cost-cutting move were technology roles.Speaking during an employee townhall meeting heard by Reuters, Meta executives also said they were reorganizing parts of the company, combining a voice and video calling unit with other messaging teams and setting up a new division, Family Foundations, focused on tough engineering problems.SMART DEVICES CUTChief Technology Officer Andrew Bosworth, who runs the metaverse-oriented Reality Labs division, told staffers Meta would end its work on Portal smart display devices and on its smartwatches."It was just going to take so long, and take so much investment to get into the enterprise segment, it felt like the wrong way to invest your time and money," said Bosworth.Chief Executive Officer Mark Zuckerberg on Friday reiterated his apology from Wednesday about having to cut 13% of the workforce, telling employees he had failed to forecast Meta's first dropoff in revenue."