Meta to lay off 10,000 more workers after initial cuts in November
Meta, formerly known as Facebook, is set to lay off another 10,000 workers after cutting jobs in November.
The move is part of the company's effort to restructure its operations and focus on the Metaverse.
The Metaverse is a virtual world where people can interact with each other in a three-dimensional space.
Meta CEO Mark Zuckerberg has said the company will invest billions of dollars in the Metaverse.
The company's shift to the Metaverse follows a trend in the tech industry toward virtual and augmented reality.
However, the job cuts have sparked criticism from some, who argue that Meta is sacrificing its employees for its new venture.
Meta has defended its decision, saying it is necessary to ensure the company's long-term success in a rapidly changing industry.
The company plans to provide support to affected workers, including severance pay and job placement assistance.
The layoffs will take place over the next several months.
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