Facebook, Instagram and WhatsApproof company at the head of Meta, layoffs after last quarter results that didn’t look good made.
twitter The big layoff done by Meta was small compared to the layoffs Meta has done today. your Twitter 3,500 While it is known that he parted ways with so many people, Meta today is fully 11 thousand began to part ways with the staff. According to the latest data from Meta More than 87,000 employees exists. Company CEO making a statement on the subject Mark Zuckerberg He stated: ”
“Today I’m sharing some of the hardest changes we’ve made in Meta’s history. I’ve decided to reduce the size of our team by approximately 13 percent and lay off more than 11,000 of our talented employees. We are also taking a number of additional steps to become a leaner and more efficient company by cutting discretionary spending and extending our hiring freeze decision into Q1.”
Zuckerberg, He had actually given the first signal on this subject before. While the last quarter results were announced, the CEO said, “In 2023, we will focus our investments on a small number of high priority growth areas. This means that some teams will grow logically, while others will remain stable or shrink over the next year.” he said.
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Zuckerberg also quoted: “Overall, we expect to finish 2023 as either roughly the same size or slightly smaller enterprise than we are today.” Meta, in the third quarter of 2022, which was announced in recent weeks $27.7 billion in revenue and 4$0.3 billion net profit explained. A billion-dollar net profit in just three months is certainly not small, but the company is posting less net profit every quarter this year.
For example, the firm in the third quarter of 2021, that is, in the same period. It posted a net profit of $9.1 billion.. Showing the global economic conditions and inflation by causing the decrease in incomes. Meta, loss of income to investors metaverse It is trying to show it positively through the large investments made on the side.
Many investors think that too much money has been burned for the metaverse. Meta CEO Mark Zuckerberg believes the long-term return of the metaverse will be very high. For now, no one is too impressed with the firm’s steps on the metaverse. Even the company’s own employees, the virtual world established by the company. Horizon Worlds He doesn’t spend much time inside.