In the face of economic challenges in the US, Meta, the social media behemoth, has announced job cuts to stay competitive and continue to invest in the metaverse. On March 14th, Meta CEO and founder Mark Zuckerberg revealed that the company will dismiss 10,000 employees to increase efficiency in 2023.

Zuckerberg stated that Meta’s primary goals are to enhance its technology prowess and improve financial performance amid the harsh economic climate in the country. These actions align with the company’s long-term vision.

He further explained that the company must bolster productivity and developer tools to attain its goals. It also must eliminate unnecessary processes and non-essential roles by streamlining its operations.

(By Felix Mollen)

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