Yes, Meta is in crisis, and Mark Zuckerberg also admits the company is struggling and layoffs are inevitable but this is happening globally, not just Meta, many companies have cut staff in the last 2 months of the year. Can see the crisis, inflation and Fed rate hikes starting to seep into the economies of all countries.
It's the sign that many don't see that the crisis is already happening and as we know, we've already saw it coming because since last year the market didn't do good. Whilst on the employment sector and these industries, they have to lay off too many of their employees because of their wrong decision that has kicked in.
Crisis is bound to happen because during the pandemic, governments have continuously pumped money to save the economy but the mistake here is that we have underestimated its severity. Personally, I don't blame the government or the company in this case because everything happened so fast and the world is a chain, once the supply is interrupted, no matter how well prepared you are, a crisis cannot be avoided. The only hope is that the war will end soon, only when the supply and circulation of goods return to normal that things will soon return to normal.