100K views, 89 likes, 103 loves, 163 comments, 30 shares, Facebook Video. The Meta CEO told employees to focus on expanding short-video product like Instagram reels and spoke about facing unprecedented level of competition from the hugely popular video-sharing. The company sought to encourage further attrition through the performance review process, reported Wall Street Journal. How much do Meta employees make Glassdoor provides our best prediction for total. Given Zuckerberg's October forecast that the business will conclude 2023 with approximately the same number of employees as it did then, the company's ongoing reductions are noteworthy. Wall Street Journal reported that among the projects that will be cut are some wearable devices that were in the works at Reality Labs, Meta’s hardware and metaverse division, suggesting a near-term retreat from efforts to popularise virtual and augmented reality products even as longer-term research efforts continue. Meta stock could pop as much as 30 as Mark Zuckerberg appears to finally be waking up to investors tepid response to his metaverse ambitions and focusing the company on other initiatives. Sundar Pichai, boss of Google and its parent Alphabet, told employees to be more entrepreneurial and. “This is going to result in us making some tough decisions to wind down projects in some places, to shift resources away from some teams,” she added. Google tells staff to act ‘more entrepreneurial.’. Facebook-owner Meta Platforms Inc is preparing cutbacks in its Reality Labs division, a unit at the center of the company’s strategy to refocus on hardware products and the. “We’re continuing to look across the company, across both Family of Apps and Reality Labs, and really evaluate are we deploying our resources toward the highest leverage opportunities,” Meta Chief Financial Officer Susan Li said Thursday at the Morgan Stanley 2023 Technology, Media & Telecom Conference.
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