Facebook’s parent company, loss of speed and whose strategy is struggling to convince, dismisses 11,000 employees.
by Alexandre Piquard
“This is one of the most difficult changes we have made in the history of Meta”, conceded Mark Zuckerberg, Wednesday November 9, by announcing 11,000 layoffs in the Facebook Facebook house , Instagram and WhatsApp, which he founded in 2004. This wave of layoffs, which represents 13 % of the 87,000 employees, is certainly not the most important in the Tech sector. Elon Musk, the new owner of Twitter, has just reduced the workforce by half. But departures from Meta are the most important social plan in recent years in absolute value in this industry. It is also symbolic: it is the first time that the company, founded eighteen years ago, dismissed. For Mr. Zuckerberg, it’s a backhand.
“I want to assume the responsibility of this decision and the reasons which made us get there,” wrote the 38 -year -old leader in a letter, saying “sorry” for the licensees. Employees excluded will receive four months of compensation, plus fifteen days per year of seniority and their health insurance will be kept for six months. But all have seen their computer access to the data of the company cut immediately, for the sake of “security”, as at Twitter.
To explain the situation, Zuckerberg admitted having made an “error” of analysis, having invested too much after the pandemic of COVID-19, due to the increase in online uses and e-commerce. “Many people – which me – predicted that this acceleration would be permanent. Unfortunately, it did not go as I had planned: not only has e -commerce returned to its previous trend, but macroeconomic depression, The strengthening of competition and the loss of important signals for advertising made our income fall much lower than I had anticipated, “argues the manager, referring to the success of the Tiktok social network or the limitation of advertising targeting by Apple.
Negative spiral
Meta is certainly not the only company affected by these opposite winds: besides Twitter, the Lyft VTC transport service and the Stripe payment solution will dismiss more than 10 % of their employees. Passed at 1.6 million employees, Amazon has just announced a “break” of hires. Even Tiktok reorganized and dismissed some executives due to the economic slowdown, according to the Financial Times . The tech sector has already deleted more than 100,000 jobs this year, more than the 80,000 of 2020, the year of the pandemic, according to The Layoffs site .
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