At Facebook’s parent company, there are “several thousand” jobs on the brink
Meta is planning to cut clear
Twitter made headlines last week. Neo President Elon Musk is implementing massive job cuts in the SMS service. Thousands of jobs are now at risk at Facebook’s parent company Meta.
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According to media reports, it plans to cut thousands of jobs: Mark Zuckerberg.
According to a press report, Facebook’s parent company Meta plans to cut thousands of jobs. The American newspaper “The Wall Street Journal” reported, on Sunday, quoting informed sources, that “several thousand” employees may be affected by job cuts. There may already be an official announcement from the group on Wednesday.
Meta, which includes not only the online network of Facebook but also the photo service Instagram and the messaging service Whatsapp, has about 87,000 employees worldwide. The group had recorded a decline in profits and a decline in sales in the third quarter. Revenue fell to $27.7 billion from $29 billion and profit was halved to $4.4 billion.
Zuckerberg is still confident
However, CEO Mark Zuckerberg (38) spread optimism when presenting the quarterly numbers at the end of October. He explained that Meta can “take control of the current environment and emerge as a stronger company”. Like other large Internet companies, whose sales depend primarily on advertising revenue, Meta is currently suffering from advertisers slashing their marketing budgets in a bleak economic climate. (AFP)
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