Yes, read this news as well in my feed.

I guess it has something to do with the current situation in the US, inflation and then the financial market is suffering. So we are in a recession already, from the devastating effect of Covid to the war between Russia and Ukraine.

Of course, it's really sadden to hear that Twitter and now Meta has laid off a lot of their employees and for sure this will have a effect on the numbers of unemployed in the US. But we can't do anything at this point. This company will have to cut their losses so the first thing to do is to lay off a lot of their employees.

That Metaverse investment though of Meta is really putting a lot of pressure to their company as they are losing billions with no clear development in the next year or so.