A new wave of layoffs expected at Meta

A new wave of layoffs expected at Meta

Already 11,000 employees were made redundant in November 2022. PA Photos/PA Photos/ABACA

DECRYPTION – According to Bloomberg, several thousand job cuts should be announced this week.

Already the father of little Maxima and August, mark zuckerberg prepares for the birth of her third child. His imminent departure on paternity leave has led the Meta group (Facebook, Instagram) to complete certain files. And among these would be a new layoff plan, says Bloomberg.

According to the financial media, the Meta group could announce, this week, the elimination of several thousand positions. This plan would follow on from another, much larger one, which led to the departure of 11,000 employees in November 2022i.e. 13% of the global workforce, but also to the recruitment freeze and the reduction in the group’s real estate area.

This historic first for the king of social networks had been justified by the decline, also unprecedented, in Meta’s revenues in 2022. Mark Zuckerberg had on this occasion admitted having sinned by optimism by recruiting too many new collaborators – more than 15,000 – during of the Covid-19 crisiswhich had boosted revenues…

This article is for subscribers only. You have 69% left to discover.

Want to read more?

Unlock all items immediately. Without engagement.

Already subscribed?

Source link

Leave a Reply