Meta has had a tough year.

In 2022, the company saw its share price drop to an all-time low, laid off 11,000 of its employees, and faced intense skepticism from impatient investors about the viability of its futuristic vision of the metaverse. But that’s not going to convince the tech giant to change its plans.

In a memo to Meta staff also posted on social media, one of Meta’s top executives, CTO Andrew “Boz” Bosworth, reflected Monday on the difficult time the company is in. He made it clear that the company will double down on its plans. to build new AR/VR technologies, including those powering the metaverse, which is a series of immersive 3D virtual worlds where people can socialize, work and play using digital avatars of themselves.

“We never thought about it…