Meta To Layoff Thousands Of Employees


Meta is reportedly planning to reduce its workforce by slashing thousands of jobs in the upcoming days. Meta CEO Mark Zuckerberg emphasized the company’s commitment to efficiency in 2023 as it focuses on developing the metaverse and artificial intelligence.

More people went online and on social media during the pandemic, which helped Meta get more employees. But the over-emphasis on the metaverse led to investors’ panic. The metaverse is a virtual world where users can work, play, and interact.

Meta is working on a new virtual reality headset costing around $1,500. Advertisement Meta is also getting AIs like ChatGPT to suggest videos and posts for Facebook and Instagram users.

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