Meta Lays Off 11,000 Employees: What Does This Mean for the Metaverse?
Meta CEO Mark Zuckerberg has confirmed that 11,000 jobs are to go at the tech giant. This represents close to 13% of the company’s workforce. In an internal memo, Zuckerberg blamed online commerce’s return to pre-covid trends, increases in competition, reduced advertising revenue, and a macroeconomic downturn. He went on to say that he takes … Continue reading Meta Lays Off 11,000 Employees: What Does This Mean for the Metaverse?