Goalthe parent company of Facebookannounced on Wednesday the dismissal of 11,000 employeeswhich corresponds to about 13% of its troops.
“Today I share with you some of the most difficult changes we have made in the history of Meta,” announced the group’s executive director, mark zuckerbergin a message addressed to employees.
“I have decided to reduce the size of our team by approximately 13% and part ways with 11,000 of our talented employees,” he added.
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This is the first major social plan in the history of the American technology group.
“I want to take the responsibility for these decisions and how we got here. I know this is difficult for everyone, and I am especially sorry to those affected,” Zuckerberg said.
As of September 30, Meta had in its workforce about 87,000 employees around the world on its different platforms, which include the social networks Facebook and Instagram, as well as the WhatsApp messaging platform.
The company recently published disappointing quarterly resultswith a drop in its turnover and profits, as well as a stagnation in the number of users.
The technology industry is currently going through a severe recession and several large companies have announced massive layoffs.
The new owner of Twitter, Elon Musklaid off half of its staff last week.
These platforms, whose business model is based on advertising, suffer particularly from budget cuts by advertisers, affected by inflation and rising interest rates.
(With information from AFP)
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