Facebook's parent company Meta laying off 11,000 employees

[vblogger]

Facebook's parent company Meta laying off 11,000 employees, this from Mark Zuckerberg himself. I stil do not think Metaverse was such a good idea.



"“Today I’m sharing some of the most difficult changes we’ve made in Meta’s history,” CEO Mark Zuckerberg wrote in a blog post to employees. “I’ve decided to reduce the size of our team by about 13% and let more than 11,000 of our talented employees go.”"


https://www.cnn.com/2022/11/09/tech/met ... index.html

[24alex]

Zuckerberg said he takes responsibility which is solid of him.

[cimage]

Listen any business must reduce costs and increase profits. This is business 101.

[badkitty]

Facebook needs to do something now to keep users and advertisers happy, Meta Inc stock has not done well this year.

[Emil]

Was this done on Metaverse

[Russ]

so what Meta hired them now they are not needed, why is it when companies hire no one says any thing when they let the employees go it's a big deal.