The layoffs are part of Meta's so-called "year of efficiency," which CEO Mark Zuckerberg pitched as necessary for the company to slim down and become more nimble amid a challenging economy and weakened digital advertising market.
When is our industry going to finally come to the realization the people running these companies don't actually seem to know what they're doing? Meta isn't hemorrhaging money because of a 'challenging economy' and 'weakened digital advertising market', Zuckerberg personally drove Meta into the ground with his misguided Metaverse pipe dream nobody really wanted to begin with.