Rumors swirled this weekAnd now it’s confirmed: Meta, the owner of Facebook, WhatsApp, Instagram, and Oculus VR, is laying off 13 percent of its workforce, a total of around 11,000 jobless employees. This occurs after the company has spent an extraordinary $15 billion in his so-called “metaverse” project.

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Confirmed in a post on the Meta site todayZuckerberg sent a message to his employees in a contrite tone. “Today I am sharing some of the hardest changes we have made in the history of Meta,” the billionaire CEO began, continuing, “I have decided to reduce the size of our team by about 13% and let more than 11,000 of our talented employees go.”

Explaining…