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Meta denies claims Mark Zuckerberg to stop as CEO subsequent yr | World | Information

Current incomes experiences confirmed that he funnelled greater than $36 billion into his Metaverse mission, which is housed by Meta’s Actuality Labs. 

The identical experiences present the division made $5.3 billion of income in 2021, with $30.7 billion value of losses since funding started in 2019.

In a press release shared with workers on November 9, the CEO defended a choice to scale back Meta’s workforce by 11,000. 

He stated: “Immediately I’m sharing a number of the most troublesome adjustments we’ve made in Meta’s historical past.

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