The world is more imminent than ever before from the transition to the stage of complete virtual life. That life that Mark Zuckerberg, founder and CEO of Facebook, called "the metaverse" or "the world beyond."
Instead of human interactions being realistic and tangible through physical convergence, or non-physical and imperceptible through digital convergence through smart phone screens and computers, there will be a third way that bridges the gap between these two worlds (real and digital), so that a virtual third world emerges that takes from reality. Something, and from the Internet and smart technologies things and other characteristics.
Meta is investing heavily in what is known as the "metaverse", which generally refers to a digital world that is not yet developed and accessible through virtual and augmented reality glasses and headsets. This massive bet has cost Meta $9.4 billion so far in 2022, and the company expects losses to "grow significantly on an annual basis."
Chief Executive Officer Mark Zuckerberg told employees today, Wednesday, that Meta is laying off 13% of its employees, or more than 11,000 employees.
Meta's layoffs come amid a tough time for Meta, which gave tepid guidance in late October for upcoming fourth-quarter earnings that scared investors and sent its shares down nearly 20%.
Meta is investing heavily in what is known as the "metaverse", which generally refers to a digital world that is not yet developed and accessible through virtual and augmented reality glasses and headsets. This massive bet has cost Meta $9.4 billion so far in 2022, and the company expects losses to "grow significantly on an annual basis."
Zuckerberg said during a call with analysts as part of a third-quarter earnings report that Meta plans to focus its investments on a small number of high-priority growth areas over the next year.
“Today I am sharing some of the most difficult changes we have made in the history of Meta,” he wrote in a message. I have decided to reduce our team size by about 13% and let more than 11,000 of our talented employees go. We are also taking a number of additional steps to become a more agile and efficient company by reducing discretionary spending and extending our hiring freeze into the first quarter.”
"This means that some teams will grow usefully, but most other teams will remain flat or shrink over the next year," Zuckerberg added. “Overall, we expect the end of 2023 to be either about the same size, or even a slightly smaller company than we are today.”
As for Twitter
The social networking site "Twitter" has made a decision to lay off about 50 percent of its employees around the world, in an indication that the American billionaire, Elon Musk, is moving forward with making a series of changes, after completing the deal to buy the platform.
The decision comes as US media reported that Twitter employees in the United States have filed a lawsuit against the social media giant, claiming that the company is violating federal and California law by planning to cut about 3,700 jobs without sufficient notice.
The law requires an employer with more than 100 employees to provide 60 days' advance written notice before a mass layoff, which affects 50 or more employees at a single workplace.
This comes after Twitter employees received an email from current CEO Elon Musk, informing them that there is an upcoming mass layoff.
A copy of the email obtained by some media said: "If your work is not affected, you will receive a notification via your Twitter email, and if your job is affected, you will receive a notification of the next steps via your personal email."
The email added that to "help ensure the safety" of employees and Twitter systems, the company's offices will be temporarily closed and access to all badges will be suspended. "
From Thursday night to Friday morning, dozens of Twitter employees began posting on the platform that they had already been banned from their company email accounts prior to the planned layoff notice.
Lawson has a different opinion
“If we had a bigger sales team, the sales people would talk to Uber more often and solve the problems the company was having with our service,” he adds.
He continues, "The Uber account was just one of about thirty accounts that one salesperson handled. There had to be a dedicated account manager to handle Uber alone."
