“Sources familiar with the matter say the company (#META) could lay off as much as 20 percent of its staff, eliminating roughly 15,800 positions. That would be the largest series of #layoffs at the company since it #terminated 22,000 workers over just a few months between November 2022 and early 2023.
Word of the potential #downsizing comes after Meta signaled that it was all but giving up on #VR and the #Metaverse, slashing budgets and closing studios. Instead, the company has been spending big to attract #AITalent, build #DataCenters, and acquire companies like #Moltbook.”
I note the “silver bullet” approach by a company who was founded on PHP widgets and #SocialMedia.
#WhiteCollar / #ZeroHourWork <http://theverge.com/business/895026/meta-laying-off-20-percent> / <https://archive.md/MlrOR>