The company Meta is starting the second wave of the reduced

The company Meta is starting the second wave of the reduced

The Meta Platforms corporation, which owns the Facebook, Instagram and Whatsapp messengers, has announced that it is preparing to lay off 10,000 employees. In November last year, the company Meta fired 11 thousand employees.

As reported by the BBC, the head of the Meta Platforms corporation, Mark Zuckerberg, wrote in an address to employees that the cuts would be “heavy.” The management of the company decided to refuse to hire employees for 5,000 available vacancies.

Zuckerberg believes that 2022, when Meta’s revenue fell seriously, was a “sobering and alarming signal” for the company. In his opinion, the new economic reality will persist for many years. Earlier, Meta said that in the last quarter of 2022, the company’s profit fell by 4%, although it still exceeded 23 billion dollars in an hour.

On Wednesday, March 15, recruiting departments will be the first to learn about the layoffs. At the end of April, the first layoffs will begin in the technical divisions, at the end of May – in the business divisions.

Part of Zuckerberg’s address is dedicated to getting Meta’s technical staff back to work in the office. According to Zuckerberg, “at the early stages of their career, engineers work more efficiently if they come to the office at least three times a week.”

  • Meta is not the only company in the IT sector reducing the number of employees. Alphabet, the company that owns Google, has already laid off 12,000 people. man, and Amazon announced that it would lay off 18,000 man because of “uncertainty in the economy”.
  • According to the website, in general, in the IT sector in 2023, more than 128 thousand employees were laid off due to layoffs.

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