Employees are shaking in the corridors of Meta (Facebook’s parent company). After many years of living the golden life, Silicon Valley stars now dread waking up one morning to a layoff letter in their mailbox. After the publication of disappointing results at the end of July, their leader, Mark Zuckerberg, no longer hides his intentions. facing the specter of a looming recession and slowing demand for its services after “returning to normal”. elements whose underperformers may soon be fired. After years of brazen growth, tech giants like Meta are now rethinking their priorities.
In a macroeconomic environment marked by geopolitical instability and a sharp tightening of monetary policy to fight inflation, it’s time for tech companies to cut costs. The frenetic pace of hiring over the past two years…
Source: Le Figaro
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.