Meta, owner of Facebook, Instagram and WhatsApp, among others, plans a second round of imminent layoffs to improve your profitabilityas reported this Tuesday Bloomberg.
This new round of layoffs is being driven by financial goals and will be this week. In fact, the company has been asking directors and vice presidents to do lists of employees who can be fired, according to sources consulted by the agency.
Zuckerberg has dubbed 2023 the “year of efficiency” for Meta. The company has also been communicating that issue to employees during internal performance reviews.
[Meta se dispara un 19% en bolsa pese a reducir un 41% su beneficio en 2022]
It should be remembered that the company already announced in November the dismissal of 13% of its workforce, some 11,000 workers.
The social media giant announced last February a collapse of its benefits of 41% in the year 2022, up to 23,200 million dollars (21.08 million euros).
Like other technology companies, it was affected by inflation, the weakness of the advertising market, the increase in competitors and the normalization of the demand for digital entertainment, which increased extraordinarily after the outbreak of the pandemic.
Between October and December, the company earned 4,652 million (55% less) and billed 32,165 million (4% less), which represents the third consecutive quarter with a decrease in its income, largely dependent on advertising.
[Meta acuerda pagar 682 millones para zanjar una demanda colectiva por Cambridge Analytica]
Meta said regarding advertising that “impressions” (user views) increased across its set of applications, but the average price per ad fell 22% in the last quarter and 16% in the year.
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