Massive layoffs of Facebook parents, 11,000 employees affected

KOMPA.com – The rumors are true. Facebook’s parent company, Half Inc., assures itlayoffs up to 11,000 employee globally.

This bad news was announced directly by Meta CEO Mark Zuckerbergin an ad which was just posted on the Meta blog (About FB) a few hours ago. The number of 11,000 employees represents 13% of the total Meta employees.

“Today, I had to make the most difficult decision in Meta’s history, where I was forced to decide to lay off about 13 percent or about 11,000 Meta employees (spread around the world),” said Zuckerberg, quoted KompasTekno from Information on FB.comWednesday (9/11/2022).

In addition to doing lay off In bulk, Zuckerberg also said his party would issue a series of new operating cost policies and would not recruit new employees. (hiring block) in the first quarter of 2023.

In the same announcement, Zuckerberg explained why he followed Twitter’s recent lead.

Read also: Drama fires 3,700 Twitter employees, immediately banned from office and kicked out of Slack

According to Zuckerberg, the decision to lay off employees was made because Meta’s massive investment that began at the start of the pandemic did not meet the company’s expectations..

In addition, global macroeconomic issues, particularly in the United States (USA), also affect the Meta business, which is primarily driven by advertising.

As is well known, many companies are currently saving themselves from advertising in the midst of a global economic condition that is not doing well.

“This has resulted in our revenues continuing to decline and fall below our expectations. I was wrong about my strategy at the time and I admit it,” said Zuckerberg.

Going forward, Zuckerberg said the company he leads will make huge savings in all respects.