Mark Zuckerberg's decision to cut staff by 11,000 people to focus on the metaverse caused a flurry of criticism among employees Employees of the American company Meta * (recognized as extremist by the Russian authorities and banned in the country) began to write angry comments on the anonymous site Blind. This is written by Business Insider, which examined the comments. Join our Telegram channel to keep abreast of the main trends of the crypto market. He added that “the metaverse will become our slow death”. Other employees said that the head of the company “does not have a clear plan for the future” of the company, and also called for layoffs at the management level. At the time of writing, Meta has over 6,200 reviews with an average score of four.. Worst of all, employees called the company's efforts to maintain a balance between work and private life. Virtual world for real money At the end of October, Meta said in its Q3 financial report that it expects “substantial” losses due to the development of the metaverse in 2023. Since the beginning of 2022, the virtual reality division Reality Labs has eaten up $5.8 billion of Meta's budget. However, it does not seem that Metaverse plans have been curtailed at Meta.. Meta expects operating losses due to Reality Labs to rise “significantly” in 2023. Read also: How to buy bitcoin (BTC): 5 safe ways Meta's earlier lack of progress towards virtual reality drew criticism from investors. Hedge fund Altimeter Capital Management, which owns a 0.1% stake in META, called on the American company to regain investor confidence and also limit spending on Reality Labs. In early November, Zuckerberg announced that he would cut 11,000 jobs, which amounted to 13% of the entire staff.. Despite layoffs, the company will continue to develop the concept of metaverses. Read the latest cryptocurrency news on the BeInCrypto portal and join the discussion in our Telegram channel. The reader is solely responsible for any actions taken by him on the basis of information received on our website.