Various media outlets around the world have reported that Meta has begun yet another round of mass layoffs.
According to these sources, like the US broadcaster CNBC and the Reuters news agency, this will be the third and final wave of layoffs at the company.
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In the first two rounds, which took place between November 2022 and early May 2023, Mark Zuckerberg's company laid off more than 21,000 people.
Now, the goal of the owner of Facebook, Instagram and WhatsApp is to disconnect employees from subsidiary companies.
Once again, Meta justified the wave of layoffs as part of a large contingency and cost-cutting plan in the so-called “year of efficiency”.
“This [the contingency plan] will be at the service of building a leaner environment, a more technical company and a improvement in the performance of our businesses, to enable our long-term vision", said Mark Zuckerberg, commenting on the layoffs.
“I understand that this update may still seem surprising, so I would like to present a broader context of our vision, our culture and our operating philosophy,” added the businessperson.
A few hours after the first news emerged about Meta's third wave of layoffs, dozens of company employees began to announce that they had received e-mails confirming their resignation.
Despite the speech, Meta announces positive numbers
Mark Zuckerberg and other Meta executives have been announcing that job cuts carried out by the company were motivated, ultimately, by a supposed crisis in the market of digital advertising.
This crisis would have affected the company's revenues, which, in turn, generated the need for a strategic internal reorganization.
However, in early April, Meta released its balance sheet for the first quarter of 2023, which points to a surplus of 3% compared to the previous quarter.
In the same period of 2022, the company earned about US$ 27.91 billion. After that, it suffered three quarters of falling revenues.
On the other hand, the owner of Facebook is investing heavily in Metaverso and products based on virtual and augmented reality.
Furthermore, Meta's shares on the US Stock Exchange grew by 180% between November 2022, when the first wave of layoffs has been announced, and May 2023, while the third major series of shutdowns.
Last year, the company's shares reached a value of US$ 89. Currently, each share is trading at just over $246 on the Dow Jones.
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