Meta today announced a massive layoff of 11,000 employees in an action that will take 13 percent of its global workforce aheada huge round of layoffs that, as we can read in The countryit might not even be the only one, depending on the economic conditions that the company experiences in the future.
At the time, Meta hired hundreds of new workers in the face of growth expectations that have not been metand especially taking into account the poor performance that the Metaverse seems to be giving, workers from all the business units of this business group are seeing how they lose their jobs.
Mark Zuckerberg explains that huge growth was seen early in the pandemic that many experts hoped would continue even after the pandemic, but in the end this has not been the case and it has returned to pre-pandemic levels. These levels have also been affected by a global recession that is currently having an impact, in addition to increased competition and a drop in ads.
Finally, the CEO of Meta indicates that “he was wrong and takes responsibility for it”, although the truth is that, Although the responsibility is assumed by him, the consequences will be suffered by these first 11,000 laid-off workers.
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Jordi Bercial
Avid technology and electronics enthusiast. I’ve been messing around with computer components almost since I could walk. I started working at Geeknetic after winning a contest on their forum about writing hardware articles. Drift, mechanics and photography lover. Feel free to leave a comment on my articles if you have any questions.
