- The firm would alter its current concept of how employees should succeed at their jobs.
- Zuckerberg implied that Meta would implement some layoffs.
If there is an economic slowdown, Meta, the social media and Tech Company that went metaverse, has outlined a set of measures to assist it in coping. Facebook CEO Mark Zuckerberg has reportedly warned that the current economic climate would affect the company’s employment intentions this year.
Global Financial Downtrend Effects
Facebook CEO Mark Zuckerberg has said that Meta would only employ between 6,000 and 7,000 developers this year, down from the previously expected 10,000. This indicates that the company’s workforce will be reduced by up to 40%. Further implying increased expectations for employees, Zuckerberg said that the firm would alter its current concept of how employees should succeed at their jobs.
Zuckerberg stated:
“Part of my hope by raising expectations and having more aggressive goals, and just kind of turning up the heat a little bit, is that I think some of you might decide that this place isn’t for you.”
Additionally, Zuckerberg implied that Meta would implement some layoffs and said he thinks a lot of individuals shouldn’t be there. Zuckerberg is well aware that the firm will be in the red for the foreseeable future due to its current concentration on the metaverse. The R&D budget for Meta’s metaverse hardware section, which is tasked with developing more immersive technology to provide users a richer alternative reality experience, has been significantly raised.
Zuckerberg remains a firm believer in the potential of the metaverse and what it may mean for Facebook. Meta’s platform will be capable of attracting billions of individuals, and the monetization services will be grown accordingly. A digital apparel shop for Meta’s social media avatars was recently unveiled as part of the company’s ongoing effort to commercialize the metaverse it has created.
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