No doubt if meta was lying of so many employees.

These reasons could be the main reasons why meta was doing it

- Bad financial report as company was facing huge lose

- Failed to meet expectation, it has been reported that meta metaverse didn't meet expectation for the active users

- Facebook (meta) was going all in to the metaverse while people don't even need it for now as they have their own real life.

- Fallen of meta stock, the impact caused by bad financial report

Im thinking about whether that could give a big impact to the future of metaverse while we know that if so many metaverse are just experimental project that needs to be developed even further yet there are still demand in the crypto metaverse caused by incentives.