Barry Habib

Remember this large, large hole that Facebook dug and started when they rebranded Meta, started pouring billions and billions of dollars in, and analysts were saying, just how big is that hole for the metaverse you keep pouring billions of dollars into?

Well, guess what?

They came out and said,

Well, yeah, some of these layoffs this week, yeah, there's a good number of them that are metaverse.

Then he came out and said, how about 1,500?

And then there was Reddit responses from people that claimed to be inside Facebook that said, yeah, buddy, more like 4,500 to 6,000 of them are related to metaverse.

So there's AI washing going on on the layoffs.

What am I getting to?

Well, there is a supply difference happening.

In that article, it also provided statistics that the number of large percent raises are down.

Oh, that means people aren't having to give raises to keep people.

Remember, you had to pay the bribe during COVID or lose your best engineer who said, I'm walking across the street.

I work from home and I can have my dog on my lap and all these things I can do.

Well, the supply has changed.

And right now there's fewer job openings, there's people looking for them, and now you have a supply issue.

And guess what happens?

Price goes down when supply goes up.

And I think that's what's happening now.

And it's also happening on a regional basis.

Now, is some of it AI?