“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.
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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