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)$

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment362

  • Top
  • Latest
  • luckyone
    ·2022-08-02
    哦不...不是个好兆头...
    Reply
    Report
  • adeley
    ·2022-08-03
    no retrenchment?
    Reply
    Report
  • Seanthh
    ·2022-08-03
    修剪时间
    Reply
    Report
  • Junweicool
    ·2022-08-03
    Reality bites… normalising of the sector
    Reply
    Report
  • Ra007
    ·2022-08-02
    It will bounce back once the industry/ sentiment recovers
    Reply
    Report
  • HSTew
    ·2022-08-02
    我想你会在美国大选后看到衰退的严重程度,最糟糕的将是第一季度末或第二季度初。
    如果发生重大战争,可能会更早 推迟选举
    Reply
    Report
  • Anzygart
    ·2022-08-02
    These companies are hoping that it is the next big thing. Investors find it hard to swallow multi billion losses on investments such as these that may yield nothing after years
    Reply
    Report
  • Alvinkctan
    ·2022-08-03
    Noted with thanks.
    Reply
    Report
  • alexloai64
    ·2022-08-02
    Good Tuesday Morning guys !!!!!
    Reply
    Report
    Fold Replies
    • cuteypie
      OK
      2022-08-02
      Reply
      Report
  • JC888
    ·2022-08-02
    Honestly with so much worries creeping up around us (war, inflation, employmt, inter country tension, weathr disaster,  suuply chain issue, Covid) u think there will b demand for frivolous Metaverse?
    Reply
    Report
  • jimstocker
    ·2022-08-03
    Nice to know about it. thanks
    Reply
    Report
  • Lewis Foong
    ·2022-08-02
    metaverte = facebook,  facebook = metaverse. frankly speaking,  even can't see the beginning, concept only
    Reply
    Report
  • Karma Rider
    ·2022-08-03
    從來都沒有看過那麼厲害的PO文!
    Reply
    Report
  • 88wlam88
    ·2022-08-02
    Early sign of recession?
    Reply
    Report
  • Subuk
    ·2022-08-02
    Metaverse will pick up and just matter of time [Smile][Smile][Smile]
    Reply
    Report
  • phagefish
    ·2022-08-02
    if MZ pays every FB employee what he is paid, definitely don't need to lose any job.
    Reply
    Report
  • Sharon70
    ·2022-08-03
    Thanks for sharing😃
    Reply
    Report
  • benbent
    ·2022-08-02
    tech was booming and now it's so lackluster
    Reply
    Report
  • SG 88
    ·2022-08-02
    Gosh! Does that means recession is upon up [Sad]
    Reply
    Report
  • highhand
    ·2022-08-02
    Really? Are those jobs virtually gone? 😆
    Reply
    Report