I got this wrong, Zuckerberg on Meta's mass layoffs

I got this wrong, Zuckerberg on Meta's mass layoffs Facebook parent company Neta said it was laying off more than 11,000 employees, about 13 percent of its workforce, the first layoffs in math, and that in a message to employees on Wednesday, the 18-year-old CEO O Mark Zuckerberg said that I was wrong to write this

I got this wrong, Zuckerberg on Meta's mass layoffs

That I am wrong and I am wrong. It's a pity to take responsibility and there is no way around it as his colleagues who were placed on advertisers this year the cost of developing ambitious plans for the Metaverse have backfired and I said.That job cuts were inevitable. You've seen key growth challenges. Its shares have risen 5 percent as a new round of cost-cutting moves.

Male employees may soon be in the market for a new job after massive layoffs at Twitter Meta The company formerly known as Facebook is expected to lay off thousands of employees this weekend.

Inflation is causing problems for tech companies like mine. Cross-border layoffs and all the different dimensions, however, benefit says that Meta has its own problems, as well as concerns about Facebook tracking from the loss of ad money from fierce competition from TikTok.

Working from home moving out of the Bay Area allows all companies outside of the tech sector to hire these employees to share their expertise as everyone moves into a new era of doing business, helping us generate more ideas. Silicon Valley's potential should not be undermined.

Companies that have just cleared the pipeline and now we have a new wave of ideas and innovations coming in that were expected to continue the results on Election Day, more insight into the future of industry employees soon. will provide

We Begin this story among housing and why here to talk about widespread Tech layoffs over about two years we bought record numbers Hardware gadgets Daddy 

We communicate almost exclusively through social media and then leave our homes for theaters, restaurants, and the office, which is why tech companies are now hiring and hiring after mass hiring during the pandemic. Wealth is decreasing

21 Bay Area tech companies have announced layoffs since November. 1 It's just tough and lefty to make a couple of neighbors who have already seen their stock option values ​​drop and are now looking for work with so many people being fired.

As if what will happen to the future of this area with him. 5th people can't afford to live here if they keep firing their bottom lines will keep growing but they didn't I didn't work remotely Peoria economic engine our economy is going to slow down at least in the short term. Ready for I think the text is coming back. I don't think it's going to ruin us but I think we're in for a rough ride right now

 

I got this wrong

 

is announcing massive layoffs, and this time MetaFacebook's parent company is laying off 11,000 employees, or 13% of its workforce, and the most significant job cuts in the company's history right here in the Bay Area. Headquarters are in Menlo.

As well as offices in Sunnyvale Fremont and San Francisco, CEO Mark Zuckerberg is alleging that Facebook's founders are conflicted about whether the website should have advertising and that Facebook is cool with letting it 11 It has to end but it doesn't. It used to be in an email to the company. Today on Mark Zuckerberg Road I'm sharing some of the toughest changes in his history

I have decided to reduce the size of our team by approximately 13% and allow our more than 11,000 talented employees to become experts in the tech industry. The problem, Ahmed Banatha says, was that the company had begun a massive recruiting effort during the pandemic, hiring more than 30,000 new workers during Publix online shopping, so they began hiding from that hope.

That they will stay that way After the Covid-19 case unexpectedly and then the economy started to go south advertising that once seemed so uncool began to dry up and billions of dollars of revenue was met there is inflation so household goods. consumption and so when some jobs are quietly cut by October and he expects that to follow once you see big companies laying off people

And those kind of numbers that everyone will start worrying about what he says metaverse I kind of painful world work and play but the rest of the company will have very few people and while it certainly fired today. News for those in attendance, it probably won't end with less for them or for the Gulf region's tech economy.

Workers displaced by unemployment will demand many new roles and positions in menlo park john ramos kpix 5 music and send people home and it's been a rough ride his stock this year now. has lost more than 71 percent of its value.

Automattic just pushed aside election equipment for a second and some premarket movers zoomed in on cheers and metal watches over the news that its workforce has been cut by 13 percent, and Brad said this week's news. It was leaked earlier so might not be that much of a reward.

From a news perspective, but the real interesting statistic is that 14% of the workforce has been sued for a company like this. There has been no such action in the past. Like metal is probably trying to reduce 4. Billion + $5 billion and reported the cost and revenue of its business

 Meta's

And they said double digits today when they're dropping the hammer of any degree of virtual or real and actually the result and they did in this call as well. On earnings, he said it could mean a reduction in headcount or at least right-sizing and staffing, which now sits at about 74,000 employees, which would have reflected about 11,000. Is.

For the hiring and layoffs we've seen this year, Twitter recently cut 50% of their South Robinwood staff from 23% to 20% in Snapchat's best message you'll ever get from any CEO. It was actually red. The strip that actually came out as sympathy is that we have a letter from Mark Zuckerberg because he made it public this morning.

And it's not unheard of either, but he said, "I want to be accountable for those decisions and for how we got here. I didn't search for keywords." metaverse it's still a guy getting married the bank I don't feel like there's any deduction from a platform that's why we're unproven and that's a big problem with investors that in How much investment is being made or otherwise welcomed by the metaverse was pushed aside for just a second by the election stuff.

READ MORE: Meta cuts more than 11,000 workers in latest wave of tech layoffs