Meta, the company behind Facebook and other technologies, may be planning more layoffs and downsizing. As reported by “The Washington Post,” the company is considering downgrading some of its bosses, which is expected to cause many to leave the company. In addition, other cuts are being considered, such as laying off more employees and canceling some projects.
These changes come after the company announced in November 2022 the layoff of 11,000 workers, or 13% of its workforce, and the company’s CEO, Mark Zuckerberg, stated that he did not expect more layoffs. Despite this, Zuckerberg did not close the door to further realignments in the future, stating that the environment is volatile.
The company is focused on improving its efficiency during the year 2023 and recently announced Verified, a new payment option for Facebook and Instagram that will allow users to access certain advantages for a monthly payment of $12. However, the company’s current situation is not the best, having laid off thousands of workers by the end of 2022 and now considering further job cuts and project cancellations.
Meta’s future remains uncertain, and it appears that the company is trying to adjust to cope with an increasingly competitive and volatile environment.
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