Meta to announce further layoffs and project cuts.

03/11/2023 02:18 • Tech Ticker • 123 views

According to reports, people familiar with the situation said that Meta plans to announce further layoffs in several rounds in the coming months, and the scale of layoffs will be roughly the same as that of 13% layoffs last year. People familiar with the matter said that the first wave of the new round of layoffs is expected to be announced next week. Non-engineering jobs may be particularly affected. At the same time, Meta is expected to close some projects and teams. People familiar with the matter said that the projects to be cut include Meta’s hardware and wearable devices in RealityLabs, the meta-space department, which indicates that Meta will give up promoting virtual reality and augmented reality products in the short term and take them as long-term research work.

Meta has learned that it plans to further lay off employees, and the Meta Universe department may be affected

Analysis based on this information:

Recently, it was reported that Meta is planning to lay off more employees in the coming months. The scale of these layoffs is expected to be roughly the same as last year’s layoffs, which were 13%. The first wave of these new rounds of layoffs is expected to be announced next week. It is believed that non-engineering jobs may be more affected than others.

Moreover, Meta is also planning to close some of its projects and teams. These projects include Meta’s hardware and wearable devices in RealityLabs, the meta-space department, which suggests that the company will temporarily abandon the promotion of virtual reality and augmented reality products and focus on long-term research projects.

The announcement of further layoffs and project closures may have been triggered by the company’s desire to streamline its operations and restructure its business strategy. Such changes could pave the way for future growth and profitability. It is also possible that Meta’s management team wants to focus on areas where there is potential for innovation and growth.

However, this news is a source of concern for many of Meta’s employees who may face uncertainty about their future at the company. The announcement of layoffs and project cuts can also impact employee morale and job security, as well as lead to a decline in productivity and innovation.

In conclusion, layoffs and project cuts are never easy for any company or its employees. While the decision to restructure Meta’s business may have been made with good intentions, it remains to be seen how these changes will affect the company’s future growth and profitability. However, it is crucial for the management team to handle this situation with transparency, empathy, and care for their employees.

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Meta to announce further layoffs and project cuts.

Meta has learned that it plans to further lay off employees, and the Meta Universe department may be affected

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