Twitter Meta also faces thousands of job cuts
Facebook’s parent company, Meta Platform, will carry out a large-scale reduction.
Citing sources, the Wall Street Journal (WSJ) reported on the 6th (local time) that Meta will lay off thousands of employees as early as the 9th. If such a cut is actually made, it will be the first large-scale cut in meta’s 18-year history. As of September, the total number of employees in Meta was 87,000.
Meta does not make any comment on this. However, CEO Mark Zuckerberg is said to have recently said, “We will focus our investment on a small number of growth areas with high priority.”
Meta newly hired 27,000 people between 2020 and 2021 alone while enjoying online specialties during the new coronavirus infection (COVID-19). By September this year, 15,000 more people were hired. However, amid the recent economic recession, it is struggling with intensifying competition with TikTok, a Chinese video sharing app, and hitting advertising orders.
Meanwhile, on social media Twitter, which was held in Tesla CEO Elon Musk’s arms, a massive cut was recently made. When Musk completed the acquisition of Twitter on the 27th of last month, he sent out all existing executives and all existing board members.
3,700 people, or 50% of existing executives and employees, were included in the list of layoffs, and about 980 of them are known to be employees of the headquarters. They were dismissed by e-mail and immediately deprived of access to the company’s computer system. Most were notified of their dismissal during or after work.