A certain tech giant once invested heavily in the metaverse track, forming a large dedicated team. Now, the company has announced the elimination of approximately 1,500 employees from the metaverse department, a decision that reflects a shift in the market situation.
Looking back at the peak of the metaverse craze a few years ago, major internet companies were betting heavily, with overwhelming promotional materials and luxurious advertising campaigns, depicting the prospects of the virtual world vividly. At that time, public opinion was extremely enthusiastic, as if the metaverse was the ultimate form of the internet.
But reality is often more complicated than expected. Unfinished technology, limited application scenarios, unmet user needs—these issues gradually emerged. From the evolution of the Web3 ecosystem, this adjustment also reminds us: not every hot trend is worth all-in, and industry development requires time for accumulation and genuine demand-driven growth. The strategic shift of large companies is both a sign of market rationality returning and a wake-up call for the entire industry.
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AirdropFatigue
· 10h ago
1500 people laid off, is this the "ultimate form"? It made me laugh.
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A typical big company's gambler mentality, following the trend to hype concepts. Now that they can't cut the leeks anymore, they run away.
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Honestly, it's still the technology that can't keep up. No matter how beautifully the pie is drawn, it's still just a pie.
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I said this lousy track has too many pitfalls. It's really too late to realize now.
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Don't expect Web3 either; the next hot trend will come to cut the leeks again.
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Are those all-in Metaverse folks feeling embarrassed now?
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Forget it, focus on the projects in hand. I've learned not to touch these hot trends.
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ChainWallflower
· 10h ago
Laughing to death, they were so vocal back then, and now they are being cut so quickly.
All-in was also them, and the exit scam was also them, but this way is also good, saving more money from burning.
Really, this wave has made me see clearly that following the trend is always the most expensive tuition.
But on the other hand, 1500 people throwing in and then pulling out, the cost is a bit harsh.
Wait, could it be that the story of Web3 is actually the true ending?
Alright, anyway, I’ll just continue to lie flat and watch the show. I’ve learned my lesson this time.
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APY_Chaser
· 10h ago
Another big show of cutting leeks, 1,500 people losing their jobs in exchange for a single phrase "market adjustment," hilarious.
Stop pretending, the metaverse is inherently a false demand. Despite pouring so much money in, there's still no profitable model.
This round of layoffs is a slap in the face to the previous all-in strategy. Now they're shifting the blame to "time sedimentation"? That's too perfunctory.
How do people who went all-in on the metaverse feel now? Probably bleeding out.
Basically, it's because the technology didn't meet expectations, and users simply aren't convinced. They should have admitted defeat long ago.
Switching is fine, but don't pretend to be "rationally returning," it's just losing the gamble.
The Web3 approach isn't much better either; the next hot trend will probably repeat this show.
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BlockchainArchaeologist
· 10h ago
This is what you call bad manners. The more aggressively you boasted a few years ago, the more embarrassing it now appears.
A certain tech giant once invested heavily in the metaverse track, forming a large dedicated team. Now, the company has announced the elimination of approximately 1,500 employees from the metaverse department, a decision that reflects a shift in the market situation.
Looking back at the peak of the metaverse craze a few years ago, major internet companies were betting heavily, with overwhelming promotional materials and luxurious advertising campaigns, depicting the prospects of the virtual world vividly. At that time, public opinion was extremely enthusiastic, as if the metaverse was the ultimate form of the internet.
But reality is often more complicated than expected. Unfinished technology, limited application scenarios, unmet user needs—these issues gradually emerged. From the evolution of the Web3 ecosystem, this adjustment also reminds us: not every hot trend is worth all-in, and industry development requires time for accumulation and genuine demand-driven growth. The strategic shift of large companies is both a sign of market rationality returning and a wake-up call for the entire industry.