According to the sources of the Wall Street Journal, the famous American media, a social plan should be announced on Wednesday and several thousand employees will be affected by this first social plan in the history of Meta, giant of social networks, after results disappointing financial.
Le Monde with AFP
Meta (Facebook, Instagram) plans to fire thousands of people from this week, according to the Wall Street Journal (WSJ), while several technological companies have just dismiss some of their workforce in response to the economic crisis. It could be the social plan, the consequent pus in the sector, according to the daily, after the pandemic which has largely benefited the growth of income, but also from the staff of these companies.
Meta had some 87,000 employees worldwide on September 30. During the recent publication of the latest disappointing quarterly results, the boss Mark Zuckerberg mentioned that group staff should not increase by the end of 2023, or even slightly decrease. Last Thursday, two companies in Silicon Valley, Stripe and Lyft, expressed large -scale layoffs while Amazon froze the hires in its offices.
Twitter, freshly redeemed by Elon Musk, has just dismissing about half of its 7,500 employees. The platforms whose economic model is based on advertising suffer in particular of the budget cuts of advertisers struggling with inflation and the increase in interest rates.
the high costs of the metarers
Meta saw its net profit melted at $ 4.4 billion in the third quarter (-52 % over a year). “We face an unstable macroeconomic environment, increased competition, advertising targeting problems and rising costs for our long-term investments, but I must say that our products seem to be getting better than some Comments do not suggest, “tried to temper Mark Zuckerberg at the end of October, during the conference to analysts.
But the title of the Californian group fell 24.56 % the next day at Wall Street. In one year, Meta lost nearly $ 600 billion in market capitalization. The company has worried markets since the beginning of the year, when it had announced for the first time that she has lost users on its original social network, Facebook.