Meta to Start Laying Off Thousands of Staff, WSJ Says

Meta, Facebook's parent company, is preparing for significant layoffs, potentially affecting thousands of employees. This move comes as the company faces financial challenges, partly due to its heavy investment in the Metaverse, which has not been well-received by shareholders. Meta's stock has dropped significantly, and CEO Mark Zuckerberg has indicated that the company will be smaller in 2023. Despite investor skepticism, Zuckerberg continues to advocate for the Metaverse, urging investors to remain patient as he believes it will eventually yield positive results.

What action has Meta reportedly advised its employees to take in light of the upcoming layoffs?

• Cancel non-essential travel

• Increase their work hours

• Seek new job opportunities

• Attend additional training sessions

What is one of the main reasons for Meta's financial difficulties?

• High employee salaries

• Investment in the Metaverse

• Lack of innovation

• Increased competition

By how much has Meta's stock decreased this year?

• 73%

• 80%

• 60%

• 50%

What message did Mark Zuckerberg convey about Meta's size in 2023?

• It will expand globally

• It will be smaller

• It will remain the same

• It will be larger than ever

How have investors reacted to Zuckerberg's Metaverse investment strategy?

• They are enthusiastic

• They are indifferent

• They are fully supportive

• They are skeptical