Despite Meta’s strategy to invest $70 billion in developing the so-called “metaverse” virtual world where its chief executive Mark Zuckerberg sees the future of the internet, the impact of its expected retrenchment in Ireland will be all too real. If The Wall Street Journal is to be believed, we are days away from the announcement of thousands of redundancies by the group incorporating Facebook, Instagram, and WhatsApp. Given the poor results it released two weeks ago and the avalanche of layoffs across the tech industry, the move seems ineluctable.  On the latest earnings call, Zuckerberg said: “In 2023, we’re going…

Want to continue reading?

Join today and get full access to The Currency and The Wall Street Journal – TWO premium memberships for the price of one.

Subscribe

Cancel at any time.

Are you already a member? .