The Silicon Valley giant's days of nonstop growth might be over.
before the layoff news broke — gotta throw the investors a bone, right?
The company's steep losses are reflected in Zuckerberg's personal wealth as well. In the past year, the founder has — he's still very rich, but going from third wealthiest in the world to twentieth is a big move down the ladder., Zuck appears to be using the restructuring to direct company efforts more narrowly towards his metaverse vision and —, the chief metamate is apparently soothing his remaining soldiers with a spoonful of macroeconomic blame.
"I had hoped the economy would have more clearly stabilized by now," Zuckerberg reportedly said. "But from what we're seeing it doesn't yet seem like it has, so we want to plan somewhat conservatively." Sure, to be fair, the economy isn't great. But something tells us that a square share of the blame lies with the company's strategy and execution — and its synonymous leader — instead.
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