Twitter has already kicked out around half of the workforce, and now Facebook’s parent Meta will probably follow. According to reports, thousands of employees will have to leave the group this week. Exploding expenses for the Metaverse are said to be the reason.

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Meta: Facebook group before mass layoffs

At Twitter, around half of the employees had to resign after being taken over by Elon Musk. Now the second major social media company is following with Meta as the operator of Facebook, Instagram and WhatsApp. It remains unclear how many of the employees are to be kicked out this week. Sources speak of “many thousands of employees”. Around 87,000 people are currently employed at Meta.

Should it come to the rumored mass layoffs, then it would be about the first in the company’s 18-year history act. Meta hired over 15,000 people this year alone, after adding more than 27,000 employees in total in 2020 and 2021.

The skyrocketing costs of developing the Metaverse are said to be the reason why Meta is looking to lay off employees (source: Engadget). Meta is supposed to be here since the beginning of 2021 used around 15 billion US dollars to have. So far, however, the Metaverse has fallen well short of its own expectations. Instead of the planned half a million users, less than 200,000 people are currently cavorting in Facebook’s expensive VR world. A significant financial loss is also to be expected in the coming year.

Does the future belong to the Metaverse?

Meta Staff: Not interested in the Metaverse

In early October, internal meta memos made the rounds, after which even your own employees are not interestedto spend their time in the Horizon Worlds metaverse. Apparently, interest in the virtual world is so low that management has had to ask employees to check out the in-house Metaverse at least once a week.