• Altimeter Capital Chairman and CEO Brad Gerstner said Meta has too many employees and is moving too slowly to retain investor confidence in an open letter to the company.
• Meta investor recommends a plan to bring back the company’s “mojo,” including cutting staff costs by 20% and limiting the company’s costly investments in “metaverse” technology to no more than $5 billion per year .

Altimeter Capital Chairman and CEO Brad Gerstner said Monday in an open letter to the company and CEO Mark Zuckerberg that Meta has too many employees and is moving too slowly to retain investor confidence.

The Meta investor recommends a plan to get the company’s “mojo” back, including cutting staff costs by 20% and limiting expensive…