By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Oh! EpicOh! Epic
Font ResizerAa
  • Home
  • Entertainment
  • Movies & Shows
  • Gaming
  • Influencers
  • Life
  • Sports
  • Tech & Science
  • Contact
Reading: After Spending Billions of Metaverse, Mark Zuckerberg Admits He was Wrong
Share
Font ResizerAa
Oh! EpicOh! Epic
  • Home
  • Entertainment
  • Movies & Shows
  • Gaming
  • Influencers
  • Life
  • Sports
  • Tech & Science
Search
  • Home
  • Entertainment
  • catogories
Follow US
Oh! Epic > Entertainment > After Spending Billions of Metaverse, Mark Zuckerberg Admits He was Wrong
EntertainmentInfluencersNewsTech & Science

After Spending Billions of Metaverse, Mark Zuckerberg Admits He was Wrong

Karl Telintelo
Last updated: March 9, 2025 03:39
Karl Telintelo
Published November 10, 2022
Share
SHARE

Mark Zuckerberg, the CEO of Meta, has declared he will let go of 11,000 of his employees in an effort to make the company “leaner and more effective.” The creator of Facebook disclosed that he had written to all of his employees outlining the “tough circumstances” the business is currently facing.

Contents
A Bit LackingHeld Accountable

A Bit Lacking

These layoffs occur after Zuckerberg spent $15 billion on his favorite virtual reality project, the Metaverse, which hasn’t actually accomplished much beyond drawing criticism and holding the occasional cartoon meeting with one of his employees.

Held Accountable

A hiring freeze that would last through the new year was also announced by Zuckerberg, making it unlikely that any of those who had lost their jobs would immediately find new jobs at the business. He expressed his willingness to “take responsibility for these decisions” and expressed his “especially sorry to those impacted.”

Those who are let go will receive 16 weeks of severance compensation plus an additional two weeks for each year of employment with Meta. Zuckerberg asserted that the coronavirus pandemic was one of the primary causes of why a firm the size of Meta was required to lay off 11,000 people.

You Might Also Like

Nanofiber Dancing Molecules Enable Rapid Cartilage Repair

Nba Players Defend Due Process Amid Fbi Gambling Arrests

Japan’s Solar Heaters Store Daytime Heat To Warm Homeless

Biodegradable Mycelium Towers For Sparrow Colonies

Smart Bandage Speeds Wound Healing 3x With Electric Pulses

TAGGED:homepage
Share This Article
Facebook Whatsapp Whatsapp Email Print

Follow US

Find US on Social Medias
FacebookLike

Weekly Newsletter

Subscribe to our newsletter to get our newest articles instantly!
Popular News
Life

Luxury Beach Resort Secrets That Are A Must-Know!

Karl Telintelo
By Karl Telintelo
February 8, 2022
How Spider-man Became Marvel’s Billion-dollar Web-slinger
Crispr-cas9 Gene Therapy Clears Hiv Dna In First Human Trial
Concept for Assassin’s Creed Black Flag Film Proposes Chris Hemsworth in the Role of Edward Kenway
Conclave Wins Dual Baftas, Named Best British Film
Global Coronavirus Cases

Confirmed

0

Death

0

More Information:Covid-19 Statistics

You Might Also Like

New Smart Bandage that heals wounds three times fast using electrical pulses
Entertainment

Smart Bandage Electrically Boosts Wound Healing By 30%

October 27, 2025
Sweden recylcles its waste so well that it sometimes runs out of trash and to keept its energy plants running, it imports trash from other countries
Entertainment

Sweden Imports 1.5m Tonnes For Waste-to-energy & Heating

October 27, 2025
Brain implants that read inner thoughts could help patients speak but threaten mental privacy
Entertainment

Brain Implants Read Thoughts: Speech Aid, Privacy Risk

October 27, 2025

About US

Oh! Epic 🔥 brings you the latest news, entertainment, tech, sports & viral trends to amaze & keep you in the loop. Experience epic stories!

Subscribe US

Subscribe to our newsletter to get our newest articles instantly!

 

Follow US
Go to mobile version
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?