During Meta's annual all-hands meeting, CEO Mark Zuckerberg laid out to employees how he plans to get the company back on track. After a year of layoffs and a failure to get virtual reality plans to gain traction, Zuckerberg explained to employees how Meta's work in AI would translate to the metaverse. He said that the layoffs were made in hopes of "building a better technology company." - He believed that the company was not shipping products fast enough during the pandemic when the staff had ballooned to over 80,000 employees.
- Meta plans to make improvements to Reels, Instagram's version of short-form videos, to rival TikTok videos.
- Project 92, the long-rumored social app that will act similarly to Twitter, was also spoken about.
- An AI assistant will help consumers across Meta's apps like WhatsApp, Messenger, and Instagram.
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