Meta, the social media giant formerly known as Facebook, is reportedly considering a new round of layoffs that could be on the same scale as last year’s. The move comes as the company looks to reorganize its operations and shift its focus towards the metaverse.
Last year, Meta laid off around 5% of its workforce, or roughly 1,000 employees, in response to the COVID-19 pandemic and its impact on the company’s business. Now, it appears that more cuts could be on the horizon.
The metaverse is a virtual world where people can interact with each other and digital objects in real-time. Meta CEO Mark Zuckerberg has made it clear that he sees the metaverse as the future of the internet and has pledged to invest heavily in it. However, the company’s shift towards the metaverse has raised concerns among some employees, who worry that it could come at the expense of other parts of the business.
Last year, Meta laid off around 5% of its workforce, or about 1,000 employees, in response to the COVID-19 pandemic and its impact on the company’s business.
According to reports, the potential layoffs are part of Meta’s efforts to reorganize its operations and focus more on its metaverse initiative. This shift in focus has reportedly led to tensions within the company, with some employees feeling that they have been left in the dark about the company’s plans.
The news of potential layoffs has also raised concerns among workers about job security, with some expressing frustration that they could be let go despite having contributed to the company’s success in other areas. Some employees have also questioned the wisdom of shifting so much focus towards the metaverse, arguing that it could be a risky bet that may not pay off in the long run.
The potential new round of layoffs is said to be part of Meta’s efforts to reorganize its operations and focus more on its metaverse initiative.
Despite these concerns, The company appears to be pressing ahead with its plans to prioritize the metaverse. The company has already invested heavily in virtual and augmented reality technologies, and has recently launched a new division dedicated to the metaverse.
It remains to be seen how many employees could be affected by the potential layoffs, or how the company’s shift towards the metaverse will impact its business in the long term. However, what is clear is that The company is determined to pursue its vision for the future of the internet, even if it means making some difficult decisions along the way.