A few days ago, the new Twitter owner notified half of the employees that they had been fired. In Meta, the company that owns Facebook and Instagram, the cuts will not be so drastic, but significant.
As of September 30, Meta had over 87,000 employees worldwide. But last quarter results were disappointing, so company boss Mark Zuckerberg said his staff will not be increased until the end of 2023 and also hinted that it will be slightly reduced.
Economic experts predict that the two social networks will have a weak quarter. The reasons are the competition from TikTok, the new rules for the protection of personal data imposed by Apple and the huge costs of the idea of the owner Mark Zuckerberg to build a virtual reality.
Meanwhile, Bloomberg reported that after firing nearly half of Twitter’s staff on Friday, billionaire Elon Musk bought the company for $ 44 billion and has now contacted dozens of laid-off employees asking them to return to work.
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Some of the people who have been asked to return to work have been dismissed by mistake, according to two people briefed on the company. Others were removed before management realized their work and experience might be needed to build new products, services and innovations Musk had in mind.
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The new owner fired nearly 3,700 people last week by emailing them. Many of these people found themselves out of work after their access to Twitter systems was suddenly cut off.
The purpose of this layoff was to offset the company’s purchase costs and support its finances, but the fact that some employees have now been asked to return to work shows how chaotic and hasty their layoffs were.
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