After the freeze, removals – At Meta, the end of the year is marked on the one hand by partnerships which enable the company to continue to grow in the web3and on the other hand by layoffs that could affect thousands of employees.
According to a article of November 6 of the Wall Street Journal, Meta would consider parting with thousands of its collaborators. This massive dismissal could be one of the biggest cuts staff in a technology company. Meta has approximately 87,000 employees.
The company would like to reduce its human resources budget even more, after announcing a hiring freeze last September.
As early as July, rumors were circulating about reductions in the growth of the workforce of Meta, whose growth in advertising revenues has slowed, due to competition from other platforms such as Tik Tok. This hiring freeze was then intended to reduce costs by 10%.
The loss of more than 9 billion dollars that Meta’s metaverse division has registered adds to the list of factors that could effectively force the company to push thousands of its employees out.
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