It won’t be as bad as Twitter, but, yes, there will be substantial job cuts at Meta this week.
As reported by The Wall Street Journal:
“Meta is planning to begin large-scale layoffs this week, according to people familiar with the matter […] The layoffs are expected to affect many thousands of employees and an announcement is planned to come as soon as Wednesday, according to the people.”
Back in July, Meta CEO Mark Zuckerberg warned staff to prepare for ’one of the worst downturns that we’ve seen in recent history’. Zuckerberg said that the company would slow hiring, while he also suggested that staff consider their employment options.
“Some of you might decide that this place isn’t for you, and that self-selection is OK with me. Realistically, there are probably a bunch of people at the company who shouldn’t be here.”
In the words of Mark Zuckerberg –
“I want to live in a world where big companies use their resources to take big shots. Obviously, if people invest in our company, we want to be profitable for them. If employees join our company, I want to make sure that ends up being a good financial decision for them, too. But I also feel a responsibility to go for it. Use the position that we’re in to make some bets, and try to push forward in a way that other people might not.”
Job cuts at Meta will effect 1000’s from it’s current 87000 workforce!
Sad news, indeed!
Job cuts at Meta Job cuts at Meta Job cuts at Meta
How did you find this article, please leave your comments below. Your comments inspire us to curate better content day-by-day. Also, if you want to learn more about Digital Marketing and the services, that we offer, please do visit our website, made with a lot of love and research in the realm of Digital Marketing.
If you like our content, please follow us on Instagram.
Lights.Camera.Social is a full fledged Digital Creative Agency offering the following services –
- Social Media Marketing
- Search Engine Optimisation
- Email Marketing
- SMS Marketing
- Website design and development
- Branding
- Pay Per Click Advertising
- Digital Strategy
- Content curation & Marketing
For more details, please email us at hi@lightscamerasocial.com