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

Larry Bird’s Competitive Drive Shortened His Nba Career

Ezhou’s 26-storey Pig Farm: World’s Largest, 1.2m Pigs/yr

Security Guard Draws Eyes On $1m Painting At Yeltsin Center

Ai Drones Plant 1,800 Trees/hour In Brazil Reforestation

Security Guard Defaces $1m Painting With Ballpoint Pen

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
EntertainmentInfluencersMovies & ShowsVideos

Finally, Margot Robbie Answers to Lady Gaga as Harley Quinn in Joker 2

Jethro
By Jethro
October 11, 2022
Customer Information Endangered Says Bandai Namco After Massive Data Hack
Randomoutburstt, A “Grand Theft Auto Online” streamer, Has Passed Away
Is It Time to Buy Life Insurance? Have a Look at These Tips!
Nostradamus, A Famous Oracle, Foretold that King Charles Would Abdicate the Throne
Global Coronavirus Cases

Confirmed

0

Death

0

More Information:Covid-19 Statistics

You Might Also Like

Greece’s Musical Wind Harps Power Renewable Streetlights

October 7, 2025

Record 66.9% Efficient Co₂-to-allyl Alcohol Conversion

October 7, 2025

C-kad Edta Eye Drops Offer Non-surgical Cataract Treatment

October 7, 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?