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The layoffs would mark the end to an era of unprecedented growth at the company-formerly-known-as-Facebook that’s continued since its founding in 2004. Of course, Meta also faces renewed competition with Pico , Sony , and Apple among the companies developing VR headsets targeting different markets and regions.
According to Bloomberg, this would mark the first time that Meta has ever reduced its headcount since the company’s inception as Facebook in 2004. This will result in the company being “somewhat smaller” by the end of 2023, according to Zuckerberg.
In 2004, both companies went back to the negotiating table as Intel wanted to integrate Nvidia’s IP inside Larrabee and future integrated processor graphics, while Nvidia wanted to build chipsets for Intel processors. Imagination Technologies tried to sell themselves to Apple, who owns 8.5% The AMD – Intel Deal.
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