“I want to take accountability for these decisions and for how we got here,” Zuckerberg told employees. “I know this is tough for everyone, and I’m especially sorry to those impacted.”
He told employees he made that decision based on the belief that e-commerce would continue to grow and provide a strong source of revenue post-pandemic — a prediction that turned out to be wrong, he said. “We expect hiring to slow dramatically going forward and to hold headcount roughly flat next year relative to current levels,” CFO David Wehner added.
Employees affected by layoffs in the United States will receive 16 weeks of severance pay plus two additional weeks for every years they’ve been at the company; payment for their remaining paid time off; six months of health insurance; and immigration support for people on visas, he said.
Where’s the lib outrage? It’s almost Christmas ffs!
I wonder if it has anything to do with the privacy breach a while back ? getting rid of liability issues