The metaverse will be “the slow death” of Meta, its employees say

The Metaverse is wreaking havoc on Metawho recently announced the layoff of 11,000 workers. While Mark Zuckerberg has no problem injecting a considerable sum of money into realizing his vision of the virtual future, your employees anticipate the apocalypse. In accordance with Business Insidersome of them expressed their discontent and predicted that the metaverse will be a slow death.

More than forty Meta workers published their opinion in Blind, a community where professionals discuss anonymously what is happening in the industry. One of the most striking is that of a senior software developer, who mentioned that Mark Zuckerberg will kill the company if he continues to be stubborn in developing the metaverse.

Another developer said that although Meta is a great company, zucks directs her to another path. “I thought it was a data-driven company, but actually it’s done on a man’s instinct and his emotions. No one can change his decision,” he said. The criticism of the company and the metaverse comes after what is considered the largest wave of layoffs in Meta’s history.

The metaverse is a mess

It has caused many of my co-workers to lose their jobs.

It’s making us largely ignore ad leaks due to Apple’s privacy changes (and I hope Android implements something similar)

All the leaders want to do is follow a pipe dream for the metaverse, which is poorly executed (bottom up) and without any real direction.

Mark has to go. The vision of the metaverse needs to be better paced, or in my opinion, many more of us will be out of jobs in the near future.

Meta Developer at Blind

Although the exact number of what Mark Zuckerberg has invested in the metaverse is not public, some analysts believe that it is too high. Meta would have spent more than 15,000 million dollars since he began developing it in 2021. To date, the results are disappointing to some, who consider that avatars with legs are not worth the expense.

Dan Ives, an analyst at Wedbush Securities, mentioned that the money Meta has spent is worrying. The company not only has to deal with it, but also with a lack of transparency with its investors. Ives believes that the metaverse is a long shot by Zuckerberg and his teamwho continue to face massive obstacles in their core business.

Mark Zgutowicz, an analyst at Benchmark, went further to say that there is no metaverse. “There’s no real metaverse, at least from a scaling point of view, until we can all wear glasses that don’t make us look like aliens or something,” she said. The expert estimates that 60% of the money that Reality Labs has lost is due to the high cost of research and development involved in building a new universe.

Mark Zuckerberg trusts his vision for the future

Despite millions in losses and layoffs, Mark Zuckerberg is confident that they are going in the right direction. The CEO of Meta, who He has already lost 70% of his fortune in the last yearmentioned that your business is among the most profitable and enjoys enormous potential ahead.

It is too early to draw conclusions about the metaverse, since each person has a different vision of it. The Meta platform is under construction and is committed to a future where we will all wear helmets to work or socialize. Thinking of it as “a slow death” at this point is somewhat fatalistic; let’s remember that Meta owns three of the most used platforms worldwide (Facebook, WhatsApp and Instagram).