Published March 14, 2023 at 4:01 p.m.
Media. Facebook's ownership company Meta plans to reduce its workforce by another 10,000 employees and also leave 5,000 vacant positions unfilled. This is reported by AP.
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As recently as last November, Meta announced that approximately 11,000 positions would be eliminated, which then corresponded to 13 percent of the workforce.< /p>
Mark Zuckerberg, Meta's CEO, has previously flagged the need for further cuts.
– This is going to be tough and it is inevitable. This means that we will have to say goodbye to talented and passionate colleagues who have been part of our success, he says today.
Zuckerberg himself has quietly buried his giant project “Metaverse” which – as many had predicted – turned out to be a resounding flop.
At the beginning of last month, Meta reported falling profits and declining revenues for the third quarter in a row.