More than a movie fling. Zendaya and Tom Holland are still going strong more than a year after their romance went public, and the lovebirds are only getting closer.
Facebook Parent Meta Plans Large Layoffs This Week – Report
07.11.2022 - 02:27 / deadline.com
Facebook’s Meta parent corporation will institute large-scale layoffs this week, the Wall Street Journal is reporting. The layoffs would be the first major staff reductions in the company’s history.
The WSJ report, which cites people familiar with the matter, said the layoffs will likely reach into the thousands. Meta has more than 87,000 employees worldwide, a number which ballooned in the last two years. The announcement of the layoffs could come as soon as Wednesday, the sources said.
Meta’s layoffs come as Twitter just had a reduction in force estimated at more than 3,700. The moves could send a chill through other companies in the social media and technology sector, who, like other media, are trying to cope with a wary post-pandemic advertising market that’s looking at a potential 2023 recession.
Company officials already told employees to cancel nonessential travel beginning this week, the WSJ reported.
A spokesman for Meta declined to comment to the WSJ, referring to Chief Executive Mark Zuckerberg’s recent statement that the company would “focus our investments on a small number of high priority growth areas.”
“So that means some teams will grow meaningfully, but most other teams will stay flat or shrink over the next year,” he said on the company’s third-quarter earnings call on Oct. 26. “In aggregate, we expect to end 2023 as either roughly the same size, or even a slightly smaller organization than we are today.”
Zuckerberg foreshadowed the layoffs in comments he made at a company meeting in June.
“Realistically, there are probably a bunch of people at the company who shouldn’t be here,” he said.
Meta’s stock has fallen more than 70% this year. Growth in its core social media businesses has stalled and
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theplaylist.net
22.11.2022 / 18:25
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perezhilton.com
19.11.2022 / 21:59
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usmagazine.com
19.11.2022 / 18:33
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deadline.com
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deadline.com
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deadline.com
10.11.2022 / 23:41
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deadline.com
10.11.2022 / 20:47
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deadline.com
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deadline.com
09.11.2022 / 15:05
Facebook Parent Meta To Lay Off 11,000 Staff And Reduce Workforce By 13%
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deadline.com
03.11.2022 / 02:47
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deadline.com
01.11.2022 / 17:51
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