After discontinuing NFT plans, Meta cuts a further 10,000 employees

Meta, the company that owns Facebook, is cutting another 10,000 jobs after ending NFT support and making a lot of noise about AI.

In recent years, Meta’s staff has grown as Facebook’s parent company made clear its plans for the metaverse. However, recent moves suggest that Meta is feeling the effects of changing tech trends and tough market conditions. The company laid off more people one day after “winding down” NFT support.

Meta will shed 10,000 employees and close 5,000 open positions, affecting recruiting, tech, ...