Meta wants its investors to know that everything is just fine, but the company understands the writing is on the wall. The strongest evidence of that fact is Mark Zuckerberg's company is now called Meta, not Facebook, reflecting an effort to completely diversify the business and focus on building a virtual reality "metaverse" on the internet. The company laid off thousands of workers and plans to cut a total of 10,000 employees by the end of the year. The social media powerhouse appears to be floundering, though it's not all bad news. Meta posted its first sales increase in almost a year this April.