At the US Facebook group Meta according to media reports next big job cuts before. According to the BBC the group has started to notify affected employees about their dismissal.
The job cuts are part of a wave of layoffs that started a few months ago announced had. 10,000 employees should fire the company. boss Mark Zuckerberg according to the staff cuts are the key to making the company more efficient in the future.
Slump after Corona boom
Already last year Meta, to which also Instagram and WhatsApp belong, laid off 13 percent of its workforce. Other online giants such as Amazon, Google and Microsoft also cut thousands of jobs – after they were booming during the corona pandemic hired new employees on a large scale had.
The main reason for the tricky economic situation after the pandemic is decline of the advertising business. In the pandemic attacked many small businesses to advertise on Facebookto boost their business. Meta is now increasingly getting the Reluctance of advertisers who are paying more attention to their money in the current recession.
According to Zuckerberg, Meta must adapt to the new “economic reality”.
© REUTERS/Erin Scott
Adjust to new “economic reality”
Meta declined to comment on the wave of layoffs to the BBC, citing a March message in which Zuckerberg explained his plans. In it, the CEO stated that the staff cuts were necessary in order to adapt to a new “economic reality” to adjust.
In March, employees of the HR department go, now meta buttons this IT-Team before. Another round of layoffs affecting the business and administrative teams is expected over the next month.
Since the beginning of the year, more than 170,000 employees fire.
