Home » Business » After the “Twitter massacre” … 12,000 Meta employees face the same fate

After the “Twitter massacre” … 12,000 Meta employees face the same fate

Mark Zuckerberg Group CEO "died" The owner of"Facebook" She plans to resort to layoffs after the company’s shares lost 70% of their value this year, forcing it to stop hiring.

This comes between gloomy expectations of poor returns and a significant increase in costs next year, which will result in a collapse in the value of the company’s stock, a volume of $ 67 billion, as well as more than half a trillion dollars lost in value. of the shares this year.

To make matters worse, it coincides with a slowdown in growth "died" globally in front of "tick tock"Strongly on the rise in the world Social networks.

newspaper reported "The Wall Street newspaper" American layoffs in "Facebook" It will affect thousands of employees, noting that the trial could take place this week, particularly by Wednesday.

She explained it Zuckerberg He wants to terminate the services of about 12,000 employees of the company, an assessment revealed that they are among the worst, knowing that the number of employees in the company is 87,000, according to data from last September.

She said "The Wall Street newspaper" The company intends to inform employees of the matter this week.

This demobilization will be the largest of its kind to affect technology sector Despite the rapid growth achieved during the pandemic crown.

In preparation for the affair, the company informed its employees not to travel unless absolutely necessary.

"massacre" Twitter

The site was "Twitter" He witnessed what he was described as a few days ago"Job massacre"50 percent of its employees are affected worldwide.

The American billionaire justified, Elon Muskwho took over the platform, decided to fire employees, revealing the shares they received and stated:

  • "In terms of reducing Twitter’s power, there is unfortunately no choice when the company loses more than $ 4 million a day".
  • "Every person who has been discharged from the service is entitled to 3 months of compensation, which is 50 percent more than the statutory amount".

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The media said so Mark Zuckerberg Executive Director of the GroupdiedThe owner of “Facebook” intends to resort to layoffs after the company’s shares lost 70% of their value this year, forcing it to stop hiring operations in it.

This comes between gloomy expectations of poor returns and a significant increase in costs next year, which will result in a collapse in the value of the company’s stock, a volume of $ 67 billion, as well as more than half a trillion dollars lost in value. of the shares this year.

What makes matters worse is that this coincides with a slowdown in global “meta” growth in the face of “meta” growth.tick tock‘, the mighty rookie of the world Social networks.

The American newspaper “The Wall Street Journal” reported that the layoffs in “FacebookIt will affect thousands of employees, noting that the trial could take place this week, particularly by Wednesday.

She explained it Zuckerberg He wants to terminate the services of about 12,000 employees of the company, an assessment revealed that they are among the worst, knowing that the number of employees in the company is 87,000, according to data from last September.

The Wall Street Journal said the company intends to notify employees of the matter this week.

This demobilization will be the largest of its kind to affect technology sector Despite the rapid growth achieved during the pandemic crown.

In preparation for the affair, the company informed its employees not to travel unless absolutely necessary.

Twitter “massacre”

the site was “TwitterHe witnessed what was described as “a few days ago”.Job massacre50 percent of its employees worldwide.

The American billionaire justified, Elon Muskwho took over the platform, decided to fire employees, revealing the shares they received and stated:

  • “In terms of reducing Twitter’s power, there is unfortunately no choice when the company loses more than $ 4 million a day.”
  • “All those who have left the service are granted 3 months of compensation, which is 50 percent more than the amount required by law.”

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