Big Layoffs Ahead for Zuckerberg’s Meta
Employee downsizing at the social media giant casts doubt on its relevancy and futureWith recent headlines highlighting Elon Musk’s Twitter, Meta’s ongoing troubles have escaped some of the limelight, but are significant, nonetheless. This past week, Mark Zuckerberg announced over 11,000 layoffs across his company, focusing on recruiting and business, according to a memo. The layoffs will affect some 13 percent of the tech giant’s 87,000 employees. Meta, due in large part to its optimistic investment in the metaverse, plummeted in value this past year, and workers are feeling the consequences. While the tech industry is seeing high personnel cuts this year, Zuckerberg did not have to hire as many people as he did, and clearly depended too much on the metaverse project for profit, which looks like it won’t be nearly Read More ›
