[bitontheslide]

Meta, which owns Facebook, Instagram and WhatsApp, has announced that it will cut 13% of its workforce.

The first mass lay-offs in the firm's history will result in 11,000 employees, from a worldwide headcount of 87,000, losing their jobs.

Meta chief executive Mark Zuckerberg said the cuts were "the most difficult changes we've made in Meta's history".

The news follows major lay-offs at Twitter, which cut about half its staff, and other tech firms.

"I know this is tough for everyone, and I'm especially sorry to those impacted," he wrote in a statement.

Mr Zuckerberg blamed massive long-term expectations for growth based on the firm's rise in revenue during the pandemic.

"Many people predicted this would be a permanent acceleration," he wrote, "I did too, so I made the decision to significantly increase our investments."

Instead he said "macroeconomic downturn" and "increased competition" caused revenue to be much lower than expected

"I got this wrong, and I take responsibility for that," he said.

The announcement of job cuts was widely expected.

Mr Zuckerberg told hundreds of Meta executives of the plans on Tuesday, the Wall Street Journal reported.

https://www.bbc.co.uk/news/technology-63568585

[arista]

This is due to his, so far, Failed Meta
to take off.

"2nd Life" had the same thing
without the VR head sets.


https://www.bbc.co.uk/news/technology-63568585

[The first mass lay-offs in the firm's history
will result in 11,000 employees,
from a worldwide headcount of 87,000,
losing their jobs.

Meta chief executive Mark Zuckerberg
said the cuts were
"the most difficult changes
we've made in Meta's history".]

[bitontheslide]

he isn't wrong, the future is in a flexible virtual world. It will just take a while to get the uptake

[Niamh.]

around 390 jobs in Ireland they think

[Gusto Brunt]

Originally Posted by arista

This is due to his, so far, Failed Meta
to take off.

"2nd Life" had the same thing
without the VR head sets.


https://www.bbc.co.uk/news/technology-63568585

[The first mass lay-offs in the firm's history
will result in 11,000 employees,
from a worldwide headcount of 87,000,
losing their jobs.

Meta chief executive Mark Zuckerberg
said the cuts were
"the most difficult changes
we've made in Meta's history".]

It always amazes how the super rich and supposedly intelligent can devise some stupid bl**dy things.

[Cherie]

No idea what the meta verse was supposed to be about why would you walk a virtual dog if you had a real one at home, after the pandemic people want familiarity, it’s not the time to throw us into something so out there

[bitontheslide]

the meta verse can be anything, thats the point of it

They are selling real estate on there now, someone paid more than 1 million for a plot recently. You can go watch a band play, watch a comedy show. Go look at retailers goods etc. It's basically anything

[Cherie]

Originally Posted by bitontheslide

the meta verse can be anything, thats the point of it

They are selling real estate on there now, someone paid more than 1 million for a plot recently. You can go watch a band play, watch a comedy show. Go look at retailers goods etc. It's basically anything

Sounds like Habbo hotel on steroids

[Oliver_W]

Originally Posted by bitontheslide

You can go watch a band play, watch a comedy show. Go look at retailers goods etc.

So it's basically like actual life?

[bitontheslide]

Originally Posted by Oliver_W

So it's basically like actual life?

yes

[arista]

Originally Posted by Oliver_W

So it's basically like actual life?

The problem
with Meta


Women (their Avatars) have been assaulted.


2nd Life had problems like that
(Like Meta without VR gear)

I went onto a Lesbian Island
to check it all out,
a Lady with a Magic Stick
sent me into a Black Void.

So I had to restart it.


https://en.wikipedia.org/wiki/Second_Life

[Oliver_W]

Originally Posted by arista

I went onto a Lesbian Island
to check it all out,
a Lady with a Magic Stick
sent me into a Black Void.

So it's basically like real life?

[bitontheslide]