USA: As 50 percent of Twitter employees around the world have been laid off, Meta, the parent company of Facebook and WhatsApp, is also downsizing. Tesla CEO Elon Musk, who acquired Twitter, fired more than 4,000 employees in an effort to cut costs. In this case, following Elon Musk’s lead, various international companies are also showing seriousness in downsizing.
Meta, the parent company of Facebook, WhatsApp and Instagram, has quietly started layoffs in response to declining advertising revenue. Meta’s partner, Ultimate Capital Management, has reported to CEO Mark Zuckerberg that it needs to cut staff and control costs at companies including Facebook and WhatsApp. The Wall Street Journal has reported that Meta has decided to lay off about 12,000 employees in various phases.
As various employees are deemed to be performing unsatisfactory, it appears that many have been recommended to seek other suitable assignments in the organization or to leave the organization. Last week, Meta suspended hiring new staff due to international teak level fears. It is noteworthy that companies like Apple, Microsoft, Google have also decided to susp