New layoffs will be carried out by Mark Zuckerberg to the giant of technology and social media, Meta.
Data continues to be hard for Meta, Mark Zuckerberg’s company that owns Instagram, Facebook and other social media. Beyond the $725 million in damageswhich they are asked to provide due to leaking personal data without users’ consent, Meta is proceeding with further layoffs.
Him November of last year, the famous giant had also laid off 11 thousand people, while it has also “frozen hiring” for all these months.
This time, Facebook’s parent company, Meta, informed its executives that they should prepare to announce additional job cutsaccording to a memo published by Bloomberg.
The memo says Meta’s individual units Facebook, WhatsApp, Instagram and Reality Labs, which houses the company’s virtual reality experiments and Quest hardware, will be affected by the layoffs.
The current 10,000 layoffs are in addition to the previous 11,000as reported by Bloomberg. During the pandemic, Meta had reached 87 thousand employees worldwide, a growth which lasted until the beginning of 2022.
Source: jenny.gr
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**Interview with Industry Expert on Meta’s Recent Layoffs**
**Interviewer**: Today, we’re diving into the recent news regarding Meta and the planned layoffs under Mark Zuckerberg’s leadership. Joining us is tech industry expert, Sarah Thompson. Sarah, thank you for being here.
**Sarah Thompson**: Thanks for having me!
**Interviewer**: Let’s jump right in. Meta is undergoing its second round of significant layoffs, with an additional 10,000 jobs being cut following the previous 11,000 last year. What are your thoughts on how this will impact the company’s culture and employee morale?
**Sarah Thompson**: It’s quite concerning, honestly. The frequency and scale of these layoffs could lead to a culture of fear among employees. High-performing individuals might consider leaving for more stable opportunities, which could impact the innovation and creativity that Meta is known for.
**Interviewer**: You bring up a good point. Given that Meta is facing legal challenges, including a $725 million damage claim for data privacy issues, do you think the layoffs are a direct response to financial pressures?
**Sarah Thompson**: Absolutely. Companies often resort to job cuts to mitigate financial loss, especially when faced with legal costs and declining user engagement. However, the question remains: will these layoffs address the underlying issues or simply provide short-term relief?
**Interviewer**: Right. And considering that Meta has frozen hiring, what might this mean for its future projects, especially in areas like virtual reality with Reality Labs?
**Sarah Thompson**: A hiring freeze coupled with layoffs sends a message that the company is prioritizing cost-cutting over innovation. This could stifle progress in key areas like VR, which are essential for Meta’s long-term vision. It raises concerns about whether they can maintain a competitive edge in the market.
**Interviewer**: Lastly, let’s open the floor for our readers. Do you think these layoffs will ultimately hurt Meta’s ability to innovate and attract top talent, or do you believe they are necessary steps for the company’s survival? Share your thoughts and join the debate!
**Sarah Thompson**: I’m curious to hear what the audience thinks, as it will shape the narrative around not just Meta but the entire tech industry moving forward.
