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According to international media reports, this week Meta will see its second massive layoff. The number of dismissed positions could rise to 6,000.
In accordance with insidersMark Zuckerberg’s company is considering announcing between 3,000 and 6,000 layoffs this week, which means a pay cut of up to 10%.
Uncertainty
Learning from the media that your job is about to lead to mass layoffs is a matter of uncertainty for thousands of company employees.
According to the report, the internal culture became more “toxic” and employees “distracted.” In addition, a strong distrust of the governing body began to emerge.
And in order to continue to cover the work, the authorities will also have to fulfill the tasks and duties of their subordinates. Even various health and wellness benefits will be cut, and the use of hot tables will be encouraged.
The company spends most of the money it makes on developing the metaverse concept, which suffered a $13.27 billion loss in 2022.
Last resource
Mark Zuckerberg He said he would “take responsibility” for the company’s previously announced cost-cutting plans, saying he was considering layoffs “as a last resort.”
“We are restructuring teams to improve our efficiency,” Zuckerberg said when Target announced layoffs. “But on their own, these measures won’t bring our spending in line with our income growth, which is why I also made the difficult decision to lay off people.”
Target total sales in the fourth quarter of 2022 fell by 4%, while its expenses increased over this period to $25.8 billion. Social media ads are down, the iOS privacy update is still hitting the company, and TikTok’s competition continues to rise.
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Source: RPP
I am Ben Stock, a passionate and experienced digital journalist working in the news industry. At the Buna Times, I write articles covering technology developments and related topics. I strive to provide reliable information that my readers can trust. My research skills are top-notch, as well as my ability to craft engaging stories on timely topics with clarity and accuracy.