Meta is working on building some of the most important technologies of the world. AI, glasses as the next computing platform and the future of social media.
It's very funny that he included the Ray-Bans here. Maybe it will be the next iPhone, but along with Meta Worlds (or whatever it's called), Zuckerberg simply goes all-in on dumb sci-fi toys. Considering this is pure childish impulse - VR itself didn't make the top 3 in the memo - I wonder if he'll rename the company to Specs Technologies.
I am sure there are some people getting laid off who genuinely don't do any work, though not 5% of the company - and certainly not the bottom 5% according to Meta's metrics! A lot of "mid-range" performers probably get by with pure schmoozing and mooching. And in more general sense, I don't think it's okay - either morally or strategically - to lay people off simply because you want to roll the dice on hiring more productive workers. (For a company of Meta's size this doesn't even make sense; clearly this move is about cracking the whip for the remaining 95%.)