Meta, parent company of Facebook and Instagram has announced a new round of 10,000 staff layoffs, and shelved plans of hiring on 5,000 open positions. Meta has tagged 2023 as the "Year of Efficiency", as their spending post pandemic has swelled, developing the future of the metaverse and launching their AR/VR headset Meta Quest Pro late in 2022 that costs as much as an iPhone 14 Pro.
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