Meta Might Have Halted Portal And Smartwatch Production
Just recently, the company had to lay off an enormous 11,000 employees. That’s about 13% of its entire workforce, and it’s more than several big companies even have. That’s nearly twice the entire Twitter workforce before its own massive job cut. This massive layoff came about because Meta’s stock plummeted more than 70% this year, and it’s hemorrhaging money. The company has been burning through money on the Metaverse, and Apple cut off its access to iPhone customer data, which was a massive revenue stream for the company....