Meta, the parent company of Facebook, has taken little time to start its new wave of 10,000 layoffs. The company led by Mark Zuckerberg has already laid off 1,500 workers from the recruitment and human resources departments, according to Bloomberg.
With this measure, the company seeks greater efficiency in the midst of a change in trend in the sector, with a decline in business after the pandemic boom and more difficult access to financing due to the rise in interest rates.
Technology managers explained the reasons for the layoffs in a call to the staff this Thursday morning.
The shares of the social networking giant rose 3.63% in the session this Thursday, as the possibility that the US authorities would ban TikTok if they do not change their shareholders on American soil was brought to light.
Along with the layoffs, the company will cancel projects and reduce new hires, with an impact on some 5,000 expected. It is “the year of efficiency”, as Zuckerberg himself conveyed to the staff a few days ago, when he announced the new phase of departures. “My hope is that with these organizational changes we can get out of this period of uncertainty as soon as possible and focus on the critical work ahead,” he wrote.
The company is immersed in a transformation process, looking for a turn towards the metaverse and virtual reality, a path in which the market does not seem to trust too much at the moment. The bet supposes millionaire losses to the company. Shares have fallen 40% since the end of 2022.
