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Alibaba Admits the Metaverse Bubble Has Burst: Carries Out Mass Layoffs

  • November 4, 2024
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Alibaba, one of the largest e-commerce platforms in the world, has achieved something that is not surprising. China Morning Post, the media company it founded, is owned by

Alibaba Admits the Metaverse Bubble Has Burst: Carries Out Mass Layoffs

Alibaba, one of the largest e-commerce platforms in the world, has achieved something that is not surprising. China Morning Post, the media company it founded, is owned by Alibaba. to shrink the metaverse partition announced mass layoffs.

The metaverse, which we learned about a few years ago, is, in its simplest form, humanity. to a virtual world A technology that tries to move One of the biggest proponents of this technology is Mark Zuckerberg. As is known, social media giant Facebook changed its name to Meta just for the sake of the metaverse. However, recent developments make us think that the upside-down world is nothing more than a bubble. It also looks like Alibaba accepted this situation.

The extent of the mass layoffs is unclear

Alibaba is shrinking its upside division

China Morning Post on how many people were affected by Alibaba’s mass layoffs said nothing. However, it was said that the company and the slightly smaller team will continue their metaverse work. Obviously the remaining team what will he do It’s not clear yet.

Users who want to get involved in the Metaverse world, enlarged reality titles They had to use it. This made it difficult to adopt. Moreover, Artificial Intelligence has become the technology trend of recent times. Because this was the case, companies focused on artificial intelligence and they made a fortune. Aware of this, Alibaba doesn’t seem to want to get involved with the metaverse any further.

Source: Web Tekno

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