Facebook parent company Meta to lay off more than 11,000 employees

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BREAKING: Facebook parent company Meta to lay off more than 11,000 employees, reducing its workforce by 13%, CEO Mark Zuckerberg says.

“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.”

Zuckerberg said the development follows his decision to"significantly increase our investments" at the start of the pandemic. "Not only has online commerce returned to prior trends, but the macroeconomic downturn, increased competition, and ads signal loss have caused our revenue to be much lower than I’d expected," he said."I got this wrong, and I take responsibility for that."

Affected employees in the U.S. 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.

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It's gotten REALLY bad in FB. I hate it more every day. Their ads are all scams and they don't preview photos anymore.

Are country is bad off and will get much worse thanks to the Democrats.

The Social media craze starting to implode 🤣

It must Elon's doing.. 🤔

MetaZucker

his metaverse gamble didn’t payoff, he had bigger dreams than being just a mere social media guy, alas it’s not to be, for now

Maybe if the employees write a letter, not listening actual reasons to maintain employment, but rather stating their privilege and how much of a meanie the new owner is. Of course the law suit should tentatively follow.

Maybe the person that really needs to go is Zuckerberg.

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Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

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
مصدر: dothaneagle - 🏆 337. / 59 اقرأ أكثر »

Facebook parent company Meta sheds 11,000 jobs in latest sign of tech slowdownThe layoffs represent the first large-scale workforce reduction in the company's 18-year history. Is this Musk‘a fault or Trump’s? That's what happen when you burn billions of dollares trying to relive Second Life.
مصدر: NPR - 🏆 96. / 63 اقرأ أكثر »

Facebook parent company Meta will lay off 11,000 employees | CNN BusinessFacebook-parent Meta on Wednesday said it is laying off 11,000 employees, marking the most significant job cuts in the tech giant's history. Great :) meta must down finkd For once, be a patriot and keep US citizens employed and lay off the H1, L1 and F1 OPT visa holders! If you don’t, you’ll always have the reputation of someone who puts profit before country! Maybe conspiring with Putin and the GOP to steal the 2016 election wasn't the best idea, Zuckerberg.
مصدر: cnni - 🏆 326. / 59 اقرأ أكثر »