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CEO Target, Mark Zuckerbergannounced to its employees that the world is going through “the worst crisis in years”, so it will reduce the company’s staff.
The message was sent during a video call last Thursday. New York Timeswith, in its more than 77 thousand employees. Target in 2022 there will be a change in strategy.
“Worst Financial Crisis in Years”
According to media reports, the statement states that Target plans to cut hiring and start evaluating the performance of current employees as we face “the worst economic downturn in years.”
During the meeting, the executive president Target He said that “there are a lot of people in the company who shouldn’t be there.” He added that by raising expectations and setting himself more aggressive goals, he hopes that some employees will decide that the company is not right for them and leave of their own accord.
Target it was originally planned to hire about 10,000 engineers in 2022, according to The newspaper “New York Times. Now the company that owns Facebook, WhatsApp and Instagram has slashed the target to around 7,000 people.
Less budget?
Leaders Target they are already cutting costs across the company in the first few months of 2022 due to a slowdown in ad sales and user growth.
According to CNBCsocial media company lost half its market value in 2022 after Target reported that the number of active Facebook users, daily active, has declined for the first time in years.
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Source: RPP
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.