Meta denies claims Mark Zuckerberg to quit as CEO next year | World | News

Recent earning reports showed that he funnelled more than $36 billion into his Metaverse project, which is housed by Meta’s Reality Labs. 

The same reports show the division made $5.3 billion of revenue in 2021, with $30.7 billion worth of losses since funding began in 2019.

In a statement shared with employees on November 9, the CEO defended a decision to reduce Meta’s workforce by 11,000. 

He said: “Today I’m sharing some of the most difficult changes we’ve made in Meta’s history.

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