Mark Zuckerberg’s Facebook will begin massive layoffs affecting thousands of workers this week, according to a report.
that Facebook is planning to begin layoffs this week, affecting thousands of workers. According to the report, the job cuts could take place as early as Wednesday. Thesaid that the company has already instructed employees to cancel non-essential travel from this week.plans to reorganize teams and reduce headcount for the first time, citing a sharp slowdown in growth at Facebook and Instagram as the parent company.
Zuckerberg told employees at a companywide meeting at the end of June: “Realistically, there are probably a bunch of people at the company who shouldn’t be here.” Facebook, like other technology companies, hired a large number of people as business shifted online during the pandemic. The company hired 27,000 employees during that time, and 15,344 employees from January to September of this year.
Facebook’s share price has fallen 73 percent this year as the company struggles with growing losses and invests heavily in developing its metaverse business, which so far has not proved successful despite Zuckerberg’s dedication to the project. The job losses in Silicon Valley are continuing to mount as a result of the recent layoffs at major tech firms including Twitter, following Elon Musk’s $44 billion acquisition of the social media platform. Ridesharing company Lyft Inc. and hard drive maker Seagate Technology have also announced plans to reduce their workforce or have already done so.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Facebook parent Meta could begin large-scale layoffsA report obtained by the Wall Street Journal stated that the layoffs are expected to impact thousands of employees. The move would mark the first major workforce reduction in the company's history.
Lire la suite »
Bad Bunny Fans Have Been Demanding This Wildly Specific Hairstyle for ConcertsNicole Morales' life changed over the course of Bad Bunny's World's Hottest Tour, and she credits her success to the community of young people in PuertoRico 🇵🇷🎶
Lire la suite »
Taste Test: The McRib Might Not Be Worthy of Worship, But It's Not BadElusiveness has made McDonald's McRib an icon with a cult-like following. It's the D.B. Cooper of fast-food sandwiches. The fact that no one can get their hands on one right when they want it just makes people want it more. That's why McDonald's latest tour of its signature pork sandwich pretends...
Lire la suite »
Teflon Nonstick Pans Are Bad. Consider These AlternativesThe EPA will declare components of many Teflon coatings hazardous. Can a ceramic coating—or even none at all—cut it?
Lire la suite »