Next to Facebook is VR away … The miserable end of “ Meta Corporation ” that runs a large deficit of over 1 trillion yen Mr. Zuckerberg was abandoned by employees | PRESIDENT Online (President Online)

2023-05-20 01:00:00

Metaverse debacle: Employee mistrust directed at Zuckerberg

Mark Zuckerberg’s Meta (formerly Facebook) is suffering from a severe demoralization of its employees.

Photo: AFP/Jiji Press Photo

Meta (formerly Facebook) Chairman and CEO Mark Zuckerberg October 23, 2019

The company, which operates Facebook, Instagram, WhatsApp, etc., experienced a steep decline last year.new york timesreports that Zuckerberg has declared 2023 to be the “Year of Efficiency.” The company has laid off two times in the past six months, and plans to make two more in the future. A total of 21,000 jobs are expected to be cut.

US digital mediaVoxsaid, “Meta has arguably had one of the toughest years ever.” After 18 years of non-stop growth, the stock plummeted 65% last year, he said.

All US IT giants are going through tough times, but Meta is in even tougher times than the other five giants, known as GAFAM. Many reasons have been pointed out for the decline of the company, which built an era on Facebook, but it seems that the straying of the vision of the top was the biggest disaster.

While other IT companies are investing in the development of artificial intelligence (AI), the company has spent the last few years focusing on providing an online space called the Metaverse. It is a virtual world where users borrow the appearance of virtual people “avatars” and interact with each other. However, in reality, we are falling into a vicious cycle in which depopulation leads to depopulation.

Dissatisfaction swirls in internal chats

A wave of layoffs rages within Meta headquarters in Menlo Park, Calif., as they pour millions into developing the Metaverse, which doesn’t seem to take off. Meta employees are growing distrustful of Mr. Zuckerberg and others at the top.

riceWashington Postpublished an article titled “How Mark Zuckerberg Destroyed Meta’s Workforce”.Employees face a wave of layoffs that might hit them at any momenttoying withHonroZuckerberg raised the view that he had lost the trust of his vision and his employees.

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