In a move that has sent shockwaves through the tech industry, Meta, one of the world’s leading virtual reality companies, has announced plans to cut 10,000 jobs in what it calls its “Year of Efficiency” initiative. The move is part of a larger effort to prioritize Artificial Intelligence (AI) over its popular Metaverse platform.
Meta, which is best known for its virtual reality headsets and software, has been struggling to keep up with the competition in recent years. In response, the company is now looking to streamline its operations and focus on AI as its “largest investment.” As part of this effort, Meta will be cutting 10,000 jobs worldwide.
The move has been met with criticism from many in the tech industry, who argue that Meta’s decision to prioritize AI over its popular Metaverse platform is misguided. They argue that the Metaverse platform is a key part of the company’s success and that cutting jobs in order to focus on AI could have a negative impact on the company’s future.
At the same time, some experts have argued that the move could be beneficial for Meta in the long run. They point out that AI is becoming increasingly important in the tech industry and that investing in this technology could help Meta stay competitive in the future.
Regardless of whether or not Meta’s decision to prioritize AI over its Metaverse platform is the right move, it’s clear that the company’s “Year of Efficiency” initiative will have a major impact on its workforce. The 10,000 job cuts will undoubtedly have a major effect on those affected, and it remains to be seen how Meta will handle the transition.
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- Source: Plato Data Intelligence: PlatoAiStream