According to the Wall Street Journal Extensive meta power adjustment It will start from Wednesday of this week. Apparently Meta intends to 87 thousand to fire his employee in an unprecedented action.
According to a report published by the Wall Street Journal citing an informed source Extensive meta power adjustment It will be bigger than the same thing on Twitter. Twitter recently fired half of its 7,500 employees, and considering the number of employees of these two companies, it is natural that the number of people fired from Meta is more.
Read more: The person responsible for firing 50% of the Twitter workforce was determined; Footprints of the former CEO!
Extensive meta power adjustment
The parent company of Facebook and Instagram had a significant growth in the two years of Corona. For this reason, he hired more than 27 thousand new employees in 2020 and 2021. Meta’s recruitment process continued until the 9th of 2022 and 15344 more people were added to this company. This is while the meta growth trend has decreased in the last month.
Chris Cox, the company’s product manager in June told employees about Extensive meta power adjustment He warned and announced: “In an environment that has grown slower, they must function flawlessly.” It should be noted that at the same time, the CEO of Meta has increased the pressure on the employees.
Marg Zuckerberg in a question and answer session in order Extensive meta power adjustment “There are probably people in the company who shouldn’t be here,” he said. In the next step, Zuckerberg stopped the process of new hires and said that the company will shrink in the not too distant future.
Also, in the meeting related to the announcement of the financial report of the third quarter of 2022, Zuckerberg said: “In 2023, we will focus our investments on a small number of areas whose growth is a priority. So some teams will grow significantly, while most teams will be flat or shrink next year. Overall, we expect the size of the company to be unchanged or slightly smaller than we are today at the end of 2023.”
By scrutinizing the previous policies of the parent company Facebook and Instagram and Unsuccessful investment in the field of metaverse, we find that the extensive meta power adjustment is not so surprising and was predictable; Because the Meta virtual reality sector has suffered a loss of 9.4 billion dollars so far and each of its shares is bought and sold at the lowest price since 2016.
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