A.111
2022-08-01

Metaverse Jobs Are Disappearing as Hiring Slows at Google, Facebook 

Meta Platforms Inc., grappling with its first-ever quarterly sales slump, now has another problem: Jobs in the metaverse are disappearing. 


New monthly job postings across all industries with “metaverse” in the title declined 81% between April and June, according to workplace researcher Revelio Labs, after surging in the months following Facebook’s rebranding last fall. The dropoff coincides with a broader slowdown across the tech sector, which has prompted layoffs and hiring freezes, leaving workers from the Bay Area to Bangalore increasingly rattled. Job postings in tech hubs like San Francisco and Austin, Texas, dropped 8.4% in the past four weeks, according to job site Indeed.

$Alphabet(GOOG)$$Meta Platforms, Inc.(META)$$Nasdaq 100 Trust(QQQ)$$SPDR S&P 500 ETF Trust(SPY)$

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Comments

  • luckyone
    2022-08-02
    luckyone
    oh no... not a good sign...
  • adeley
    2022-08-03
    adeley
    no retrenchment?
  • Seanthh
    2022-08-03
    Seanthh
    trimming time
  • Junweicool
    2022-08-03
    Junweicool
    Reality bites… normalising of the sector
  • Ra007
    2022-08-02
    Ra007
    It will bounce back once the industry/ sentiment recovers
  • HSTew
    2022-08-02
    HSTew
    I think you will see the recession crippling in after the US election and the worst will be end of Q1'23 or early Q2'23.
    And it might be earlier if there is a major war to postpone the election
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