Impending Meta Layoffs Will Decide The Direction Of Zuckerberg’s Metaverse Obsession

The metaverse can be the constant financial leak that sinks the ship of the Meta, like the economic waters become more turbulent. Founder and CEO of Meta Mark Zuckerberg has been spending approximately $10 billion a year on virtual reality (VR) and augmented reality (AR), which may be the future of computing. For now, that view is only lowering the company’s value, especially as skeptical investors scrutinize Meta’s core social media assets (Facebook, Instagram and WhatsApp).

Since the company changed his name from Facebook to Meta in 2021, a nod to its metaverse ambitions, its shares are down roughly 72%. On November 7, the Wall Street Journal reported that Meta will execute massive layoffs later this week, although the number of staff cuts is unknown.

The question now is: Will those cuts come from…