Tag: facebook jobs

WhatsApp, Amazon, Google, Meta to Twitter-Big Tech’s job-slashing wave
15Mar By adminNo Comments
Technology

WhatsApp, Amazon, Google, Meta to Twitter-Big Tech’s job-slashing wave

[ad_1] Facebook owner Meta's announcement on Tuesday that it will shed 10,000 jobs over the next few months is the latest in a series of mass layoffs in the once-unassailable tech sector, which is facing a huge downturn.The cuts in the company that also owns Instagram and WhatsApp, follow a cull of 11,000 jobs announced in November. Here are the others: - Amazon -The online retail giant said on January 5, 2023 it would cut more than 18,000 jobs, citing "the uncertain economy" and the fact it had "hired rapidly" during the Covid pandemic.During Covid, Amazon had gone on a hiring spree to meet an explosion in demand for deliveries, doubling its global staff between the beginning of 2020 and start of 2022.At the end of September, the group had 1.54 million employees worldwide.- Google -On...
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Big Tech Binged on Workers During Covid. Now, the Purge.
27Jan By adminNo Comments
Technology

Big Tech Binged on Workers During Covid. Now, the Purge.

[ad_1] The spate of layoffs is a reaction to a hiring wave during the pandemic that got out of hand. But will it be an overreaction? The layoff announcements coming lately from the chief executive officers of big technology companies all contain variations on the theme of “we hired too many people during the pandemic,” expressed with varying degrees of contrition. At one end of the spectrum are Seattleites Andy Jassy of Amazon.com Inc. and Satya Nadella of Microsoft Corp. Amazon's layoffs were simply an outgrowth of its annual review, Jassy wrote, although he did allow that “this year's review has been more difficult given the uncertain economy and that we've hired rapidly over the last several years.” Microsoft's Nadella opted for bland corporatespeak: “As we saw customers acceler...
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Facebook Parent Meta to Cut 11,000 Jobs; Mark Zuckerberg Says ‘I Got This Wrong’
9Nov By adminNo Comments
Technology

Facebook Parent Meta to Cut 11,000 Jobs; Mark Zuckerberg Says ‘I Got This Wrong’

[ad_1] Facebook parent Meta Platforms Inc. Chief Executive Officer Mark Zuckerberg said the company will cut more than 11,000 jobs. Facebook parent Meta Platforms Inc. Chief Executive Officer Mark Zuckerberg said the company will cut more than 11,000 jobs in the first major round of layoffs in the social media giant's history.The reductions, equal to about 13% of the workforce, were disclosed Wednesday in a statement. The company will also extend its hiring freeze through the first quarter. “I want to take accountability for these decisions and for how we got here,” Zuckerberg said in the statement that was sent to Meta employees and posted on the company's website. “I know this is tough for everyone, and I'm especially sorry to those impacted.” The company said that while reductions ...
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Facebook’s Age of Austerity Couldn’t Come at a Worse Time
1Oct By adminNo Comments
Technology

Facebook’s Age of Austerity Couldn’t Come at a Worse Time

[ad_1] It’s probably wise to restructure Meta, but it’ll be hard for Mark Zuckerberg to manage that on top of several other fires. You can't control when a recession hits. But although tech platforms like Alphabet Inc. and Snap Inc. are slimming down to cope with the global economic rout, Meta Platforms Inc.'s own restructuring couldn't come at a worse time for the firm.Meta CEO Mark Zuckerberg told staff on Thursday to expect job cuts and a smaller company overall in 2023. He is currently grappling with the blow to advertising revenue wrought by Apple Inc.'s privacy restrictions, which could cost the company an estimated £14 billion ($15.4 billion) in ad sales this year. The company is also grappling to build a TikTok compet...
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