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🇺🇸 WHEN THE METAVERSE TANKS, REAL PEOPLE GET FIRED
Turns out building the metaverse costs a lot—like "oops, we lost $5 billion last quarter" a lot.
Now Meta’s axing jobs in Reality Labs, the division behind those VR headsets no one asked for but Zuckerberg keeps hyping like it’s sliced bread.
Even folks working on VR fitness games got the boot.
Meanwhile, Zuck’s still out here promising virtual paradise.
Guess it’s hard to hear layoffs through a headset.
Source: Reuters
8.2.2025
🚨META TO BEGIN LAYOFFS MONDAY, PUSHES AI HIRING
Meta will begin layoffs Monday at 5 a.m., with cuts targeting 5% of staff, according to an internal memo.
Employees in Germany, France, Italy, and the Netherlands are exempt due to local labor laws, while layoffs in other countries will follow between Feb. 11-18.
Meanwhile, Meta is expediting hiring for AI and machine learning engineers, prioritizing business-critical roles over general staff retention.
Source: Reuters
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