In 13 months, Mark Zuckerberg He lost $100 billion, and his company’s shares, Meta decreased by 25%. Between these poor results and fears of economic recession, Mita made the decision to layoffs of thousands of workers This week, following the road Captured by Elon MuskWhen thousands of people got kicked out of Twitter last Friday.
The above has been reported on The Wall Street Journal By people close to the company referring to Zuckerberg’s team It will start by notifying those who will be laid off. In fact, cuts are expected on Wednesday, November 9 A day after the midterm elections in the United States.
Thousands will be laid off around the world
It is said that dead can layoffs of several thousand people of its workforce, which totals all over the world 87000 employees. Can be the largest number of layoffs By a technology company in history.
Since January, Meta . shares decreased more than 70%largely the product of Zuckerberg’s bet to invest billions of dollars in the metaverse platform which is not well received. In addition, its ads Revenue fell It no longer shows growth in the number of users.
A spokesperson for Meta stated that the company “will focus our investments on… A small number of high priority growth areas. ”
“This means that some teams will grow significantly, but most others It will remain stable or shrink over the next yearZuckerberg said during the company’s tenureThird Quarter Earnings Call Last month.
Meta contributors angry at Zuckerberg
Zuckerberg Bet on the so-called Metaverse Causing inconvenience among META shareholders, who claim billions of dollars Spending it on something that has no guarantee Of good reception.
In October, Meta Corporation stated that losses in Reality Labs Department (responsible for building the so-called metaverse) “will grow exponentially in 2023”, while capital spending It will rise to 39 billion dollars.
This was said by Altimeter Capital Management, one of the major shareholders Spending on the metaverse is ‘scary, even by Silicon Valley standards’She wrote a letter calling for layoffs and spending cuts.
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