Facebook parent company Meta on Wednesday said it is laying off 11,000 employees, marking the most significant job cuts in the tech giant’s history. The job cuts come as Meta confronts a range of challenges to its core business and makes an uncertain and costly bet on pivoting to the metaverse. It also comes amid a spate of layoffs at other tech firms in recent months as the high-flying sector reacts to high inflation, rising interest rates and fears of a looming recession.
” Meta is not alone in feeling the pain of a market downturn. The tech sector has been facing a dizzying reality check as inflation, rising interest rates and more macroeconomic headwinds have led to a stunning shift in spending for an industry that only grew more dominant as consumers shifted more of their lives online during the pandemic. “At the start of Covid, the world rapidly moved online and the surge of e-commerce led to outsized revenue growth,” Zuckerberg wrote Wednesday.
Learn to code, oh… wait
Closed Looped Sources of Information remind you of the Expansive Internet. .com bubble because people bought Domains like Real Estate .com bubble popped because it wasn’t capitalism it was communism and trying to control information
That will become an additional jobless Numbers of people in the society.Maybe robots will fill the gap.
Fantastic News and just before Xmas too 🍾
Democrats- FB's Top Brass $3.9M FB’s top executives $3.9M political donations 2 dz SR 1,700 to political 1,000 of outlays $620,000 FBs $2.7M $190,000 S $298,000 H $600,000 FBs top brass.$37,000 Pelosi’s Biden’s w/2 groups recd $220,000 FB’s Top 24.0 FB’s leaders to Trump
Is Zuckerberg going to come under the same criticism as Musk for the layoffs?
Is Mark running out of money or whats happening?
How utterly nice of these billionaire owned companies to literally fire thousands of people right before the holiday season. And by nice I mean all billionaires are fucking garbage fires.
Lay off so many employees and cuts job all over the world
🤣
Nothing to see here. No recession. Everything is just fine. Got to pay the 200+ million fine to Oregon.
Pakistan journalists Arshad Sheriff post martyrdom reports reveals he was brutally tortured and highly likely it is Pakistan army who was behind, the regime change operation has imposed worst martial law in Pakistan. Like Egypt USA has imposed a dictatorship on us.
They never should have banned Trump
What's wrong with Meta? The technology is too cartoonish, not real enough.
What’s Facebook?
Facebook is useless 💩💩💩
The corporate world will love this. It will cause a churning. A new wave of startups offering IPOs with no product and build a wave of profits for venture capitalists and angel investors. It’s been about 20 years since the dotcom. That’s enough time for a new breed of dummies.
WHAT Did elonmusk bought Meta too
Good the thing should've never been a thing in the first place you could tell that Zuckerberg didn't put his heart into it so why should people support it
We’re they hoping for GOP votes right before election.
They were busy last night, even tagging more than a dozen (against FB standards) of my posts since 2019…
11k is crazy number for a company that exists on the internet world
jamiegangel It’s tough to pay that many people when the oligarch $$$$$$ dry up.
Does Biden get credit for those job loses?
Another Republican to fire to increase unemployment data to make Biden look bad
If anyone is looking for Asia startups that are hiring right now, check out this list
Maybe some of those employees will actually have to work for a change instead of sitting behind their keyboards all day
We all get fired at some point RiseUp
BuT wHaT aBoUt ElON 🤡
But why did Elon do this? Oh wait
First twitter and now Meta; which company is next? Tell me we are not in a recession.
Are they faced with superior competitor?
Oh good, now they can go and play that metaverse crap that is killing the company.
NO NO NO ! THATS A LIE !!! CNN IS WELL KNOWN FOR ITS LIES !!! CANT BELIEVE ANYTHING THEY SAY ! HAVE A FAR LEFT BIDEN AGENDA !!!
He’s learning “run thin” from Elon
Facebook has been a colossal failure
Merry Christmas!
DeleteFacebook
Wonder why this isnt being covered the same way as tesla and twitter employees being layed off.
Wait ..I thought SpeakerPelosi said they’ve created more jobs than any administration?
Merry Christmas
Mark isn't rich enough
😂😂😂
Is he now as evil as Elon, or no? Asking for a friend.
Karma
So sad.
Should we start to leave fb now? Isn't that how this all works?
But Elon……………………
Copying musk
afrodiziac80 Kinda wild considering they were boasting about having more employees on their security team than the FBI just a few weeks ago.
That will become an additional jobless Numbers of people in the society.Maybe robots will fill the gap.
That will become an additional jobless Numbers of people in the society.Maybe robots will fill the gap.
boy, I sure hope this doesn't affect their incredible customer service.
The elections are over, they aren’t needed now.
I see a lot of help wanted signs in the windows of fast food places. I’m sure they are qualified.
ha ha...new Coke..
NO! this is unacceptable I am quitting Facebook forever! Or do we just say that towards EM and Tweeter? GOD IM SO CONFUSED!
Garbage company just like him
Mark Zuckerberg is incompetent and the Board of Directors should demand his resignation.
Now will UN human rights be advising Z on human rights at Meta ? Hmm... Guess not.
904DadLife • Ghost Singers
Mark Zuckerberg joins Elon Musk in laying off staff metalayoff MetaLayOffs
Here
Well, the Metaverse was a dumb idea.
Bruh.
When you silence people from a platform they leave..
Did anybody else think META was a product of Facebook? Also, it’s interesting that it says a companies name and not Zuckerberg, think the AI has finally taken over and doesn’t hide as a human but just outright uses the companies name as those are the entities it manipulates now.
jglennon1 Hey...if Elon can fire HIS curating team, so can Zuck...
And people are complaining of Elon Musk having a Twitter lay off!! Give me a break
Mark Fuckerberg: let’s see, should I sell the Hawaiian Island I own or fire 11,000 Americans during a recession? DeleteFacebook
After all the pearl clutching and feigned outrage from the Left over the Twitter layoffs, the silence over Facebook layoffs will be deafening.
Good riddance
Good riddance
I wish best of luck Mr Trump .
LOL LOL LOL LOL LOL
Boy, talk about the spam bots. I used to think they were Twitter employees. Now I'm starting to think they're Facebook employees, there's like 40 or 50 tweets here from muted bot accounts
Take it out of CEO’s pay. They shouldn’t be paid to tank a company I’d they have to let them go then he shouldn’t be paid that much
Is the lay- off in real life or metaverse
So it’s not just a Twitter thing but the pressure isnfelt across the board or are they just emboldened by Twitter announcing the layoffs?
Biden’s economy. Timely they waited til after the midterms to announce.
ITS THEIR FAULT, YOU KEEP THROWING USERS OFF YOUR PLATFORM, YOU THEN THREW OUT YOUR CIRCULATION.... AND GUESS WHAT ALOT OF THOSE USERS WERE ADVERTISERS AND CONTENT CREATORS... ITS ON THEM....
Are they planning to sue Mark?
Where is all the outrage?!?!
Not a big deal. Biden’s economy is strong and flourishing. These people will have a job the next day.
Mad when these companies reported record profits just last year.
Nice!
Meta can't speak. Mark Zuckerberg us doing this.
Hey Brandon . . . more Unemployment!!! 😂😂😂
Who gives a shit people don't use Facebook anymore I won't be long until that website goes Belly Up
How can 11k people work in there? Wth were they doing? Constructing the digital tower of babel?
Now this is how you build back better.... HAHAHAHAHAA
When elonmusk does layoffs everyone going insane
r they moving them to the metaverse ?
This naturally made it extremely unpopular.
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.
He can fix world hunger with all theses savings. What did he do for Ukraine ? I can't remember. His meta thing will help climate change a lot more than electrical cars. It's nicer to explore people's life than mars.
Facebook loved not hiring American Workers in favor of Foreign Cheap Labor Indians & Asians. I hope the foreigners are a majority of the people let go.
Where’s the democrat tears?
Great :) meta must down
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