Meta’s workforce ballooned in recent years as the Facebook parent company signaled its ambitions for the metaverse—but recent moves suggest that it is feeling the sting of changing tech trends and rough market conditions. The company today announced another round of layoffs, one day after saying that it was “winding down” support for NFTs.
Source: Meta Cuts 10,000 More Workers After Scrapping NFT Plans—Is the Metaverse Still On? – Decrypt