The common view towards the technology to take a great leap forward is getting tremble amidst the market downturn. Recent pandemic is said to have thrust technological advancement and brought us many new achievements. Many companies also jumped into the race of innovation and started pouring a lot of capital there. From Web 3 to Metaverse to virtual reality. But now these companies are struggling to keep on continuing with their projects.
Mark Zuckerberg’s Meta, formerly known as Facebook, comes abruptly as one prominent name. The company took the concept of metaverse quite seriously for which it even rebranded itself signifying its dedication. Social media giant has poured a lot of capital and manpower for its goal as well. Things might be going well but did not last long.
Cut to 2022, Meta recently reported to announce laying off about 11,000 employees. It included working staff from its metaverse specific unit Reality Labs. The staff reduction is likely to affect its AR-VR gad
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