Since taking over as head of Twitter, Elon Musk multiplies the speeches and controversial decisions. In particular, he carried out a major clean-up within the company and with Meta, mark zuckerberg seems determined to do the same.
Mark Zuckerberg’s big cleanup within meta
Certainly, it would seem that it is not good to be employed in a large web company in this fall of 2022, and more particularly when it comes to social networks: shortly after the formalization of its takeover of Twitter, Elon Musk recently announced the layoff of more than 7,000 employees worldwide. We have heard less about it, but the parent company of Snapchat also laid off no less than 20% of its employees at the end of the summer.
Now it’s Meta’s turn, the parent company of Facebook, Instagram and WhatsApp, to organize a major cleaning within its workforce. If the information had already been circulating for a few days in the American media, it was made official by Mark Zuckerberg this Wednesday, November 9: 11,000 jobs will soon be eliminated. A blow for which the founder feels “particularly sorry for those affected”.
A precarious economic situation
The words of Mark Zuckerberg quoted above are those used in a statement addressed to all Meta employees. The billionaire recognizes that this is one “one of the hardest changes we’ve made in the history of Meta”, perhaps in the hope of passing the pill. And what a pill! In total, 11,000 employees will soon be made redundant worldwide, i.e. 13% of the firm’s overall workforce, although the countries most affected are not yet known.
This decision was taken within the framework ofa difficult economic situation for Meta, which experienced a significant drop in revenue in the third quarter of 2022, causing the company’s shares to fall on the stock market. Mark Zuckerberg also announced that Meta will not be hiring again until March 2023 at the earliest. An unprecedented situation for the group, which will have a lot to do to get up.