German chemicals group Evonik said it expected no signs of a recovery in 2024 and announced up to 2,000 job cuts worldwide by 2026 in a bid to cut costs. More here: https://t.co/qZY5AOVL0e
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3. The order cut is mainly in 2H22. Given Meta reducing hardware investments & economic recession risk, I cut my prediction for 2H22 Meta VR/headset shipments by 40-50% & believe shipment of Meta headsets originally scheduled in/after 2024 would be postponed.
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Let me write more clearly & correct the typo from my last tweet:
1. My shipment prediction is based on my survey & judgment, not official data.
2. I cut my prediction for 2022 Meta VR/headset shipments by 25-35% (here is the typo from my last tweet, sorry) to 7-8 mn units.