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Meta shareholder writes critical open letter saying company needs to slash headcount and stop spending so much money on ‘metaverse’

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Meta shareholder writes critical open letter saying company needs to slash headcount and stop spending so much money on 'metaverse'

Drew Angerer | Getty Images News | Getty Images

Altimeter Capital Chair and CEO Brad Gerstner said in

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and CEO Mark Zuckerberg on Monday that Meta has too many employees and is moving too slowly to retain the confidence of investors.

The Meta investor recommended a plan to get the company’s “mojo back,” including reducing headcount expenses by 20% and limiting the company’s pricey investments in “metaverse”…

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