• Starting today: Meta Prepares More Layoffs Across Facebook, WhatsApp, Instagram

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    #2553186

    https://www.bloomberg.com/news/articles/2023-04-19/facebook-instagram-whatsapp-job-cuts-coming-in-meta-restructuring

    Company is restructuring teams as it seeks to control costs
    This week’s layoffs will be followed by additional cuts in May

    Meta Platforms Inc. is set to commence companywide layoffs on Wednesday as it restructures teams and works toward founder Mark Zuckerberg’s goal of greater efficiency.

    The Facebook parent company notified managers to prepare to announce job cuts on Wednesday, via a memo seen by Bloomberg News. It indicates Facebook, WhatsApp, Instagram and Reality Labs — which houses the firm’s virtual reality efforts and Quest hardware — will all be impacted. The move is part of a cost-cutting push that will eventually whittle away 10,000 positions at the company, as announced by Zuckerberg in March. A further round of cuts is set to follow in May…

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    Sky
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    • #2553265

      For context, Meta made a $23.2 billion profit last year.

      Firing 10,000 people earning an average of $100,000 would increase this by $1 billion.

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      • #2553310

        I doubt if Mark will get fired.  After all, his salary is only $1 per year.

        Where am I? What am I doing in this hand basket?

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        Sky
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