Meta’s workforce ballooned in recent years as the Facebook parent company signaled its ambitions for the metaverse. Still, recent moves suggest that it is feeling the sting of changing tech trends and rough market conditions. The company today announced another round of layoffs, one day after saying that it was “winding down” support for NFTs (non-fungible tokens). Co-founder and CEO Mark Zuckerberg wrote in a post on 14 March 2023 that Meta will terminate about 10,000 additional employees in
metaverse (3)
In separate reporting, the “metaverse” could be a serious problem for children worldwide. If there is only one thing that technology companies, retailers, content creators and investors can agree upon, is that there is money to be made from the metaverse. The metaverse is planned as a virtual-reality space in which users can interact with a computer generated environment and other users.[1] As technology CEOs try to win a market position in the still developing digital space, some psychologis
When Facebook changed its name to “Meta Platforms” in October 2021,[1] the word ‘metaverse’ moved from the domain of techno geeks to the mainstream. There is no single definition of the metaverse, which is a portmanteau word combining ‘meta’ meaning ‘beyond/after’ in Greek, and ‘universe’. It is a hypothesized iteration of the internet. The most common description of the metaverse is a virtual-reality space or an alternative economy or world in which users can interact with other users within
