15,000 Meta employees sent home?

Tech giant Meta is continuing its wave of layoffs, impacting nearly 15,000 employees. The company’s dream projects in the metaverse and virtual reality have failed to deliver the expected results, prompting CEO Mark Zuckerberg to implement significant workforce reductions. Over the years, Meta has invested billions into metaverse initiatives, but recent market trends have led the company to pivot toward AI-powered smart glasses and wearable gadgets instead of VR headsets.

Oculus co-founder Palmer Luckey, who was removed by Zuckerberg in 2017 amid controversies, has now supported the CEO’s decision. He stated that tough decisions are necessary for the healthy growth of the VR sector, and eliminating redundant divisions will help the company achieve its goals more efficiently. Experts working in Reality Labs have expressed deep concern over the layoffs, while Meta will provide compensation packages according to its policies for affected employees.