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Sunday, November 27, 2022

Zuckerberg decided to fire 11,000 employees and social networks explode

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Own Zuckerberg He was the one who addressed a message to the employees, where he explained that the cut is equivalent to 13 percent of the company’s workforce.

“Today I am sharing with you some of the most difficult changes we have made in the history of Meta. I have decided to reduce the size of our team by approximately 13% and separate myself from 11 thousand of our talented employees”Zuckerberg reported.

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The CEO added that Goal will implement changes in order to become “a more agile and efficient company by reducing discretionary spending” and announced a “hiring freeze” until the first quarter of 2023.

“I want to take responsibility for these decisions and how we got here. I know this is hard for everyone, and I am especially sorry for those affected“, said.

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At the end of his message, the CEO dedicated a few words to “the workers who are leaving” and thanked them for “everything they have put into this place.”

Mark’s “mea culpa”

The Meta CEO explained that at the beginning of the pandemic Covid-19“the world moved quickly online and the rise of e-commerce led to outsized revenue growth” so “a permanent acceleration was predicted that would continue even after the pandemic ended. So did I, and took the decision to significantly increase our investments. Unfortunately, this did not go as expected. Not only has online trading returned to previous trends, but the macroeconomic downturn, increased competition, and loss of ad signals have caused our income is much lower than expected. I was wrong and I take responsibility for it, “he lamented.

Reactions on social media

@marcelofaure: 11 thousand dismissals! Artificial Intelligence becomes autonomous! Mark Zuckerberg announced the dismissal of 11,000 Meta employees: “This is difficult for everyone.”

@FelipeOvalle: Instead of cutting off mail and laptops like Elon Musk, Mark Zuckerberg announced the dismissal of more than 11,000 employees, offering them to talk to the company, 6 months of health plan, 16 weeks of severance pay and more. Zuckerberg was left as a SAINT next to Musk.

@emilianoflores: If you’re having a bad day, remember that today Mark Zuckerberg has to fire 11,000 people.

@hoxxana: Zuckerberg is not going to be crucified-stoned for this? Or is he forgiven everything?

Source: Ambito

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