Facebook parent company Meta lays off 11,000 employees

Meta, Facebook's parent company, said Wednesday it is laying off 11,000 employees, the first major workforce reduction in the tech giant's history.

'It's gonna get a lot worse': What Musk misinfo means for Twitter's future Elon Musk epitomized social media experts' concerns with one tweet in the aftermath of the attack on Paul Pelosi This shift in focus also means that most teams within the company would either be reduced or stay the same in size, meaning that the company would end the new year"as either roughly the same size, or even a slightly smaller organization than we are today," said Zuckerberg.

Meta's third quarter results showed rising costs, reduced ad income and slower growth in key markets. The company also spent billions trying to build the Metaverse, a reimagined version of the internet that has yet to catch on with the masses as the company had hoped.

Belgique Dernières Nouvelles, Belgique 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 company Meta laying off 11,000 employees, 13% of workforce, Zuckerberg announcesFacebook parent Meta is laying off 11,000 people, about 13% of its workforce, as it contends with faltering revenue and broader tech industry woes, CEO Mark Zuckerberg said in a letter to employees Wednesday. MattHaneySF get zuckerbergs people the ones you chased out Where is lisabloom with the lawsuit? NEWS_MAKER Any protests or investigations? Didn’t think so.
La source: abc7newsbayarea - 🏆 529. / 51 Lire la suite »

Meta layoffs 2022: Facebook parent company laying off 11,000 employees, 13% of workforceFacebook parent Meta is laying off 11,000 people, about 13% of its workforce, as it contends with faltering revenue and broader tech industry woes, CEO Mark Zuckerberg said in a letter to employees Wednesday.
La source: ABC7Chicago - 🏆 284. / 63 Lire la suite »

Facebook parent company Meta laying off 11,000 people, 13% of workforceFacebook parent Meta is laying off 11,000 people, about 13% of its workforce, as it contends with faltering revenue and broader tech industry woes
La source: TucsonStar - 🏆 339. / 59 Lire la suite »