Meta to lay off 10,000 in second round: Zuckerberg for leaner org
“A leaner org will execute its highest priorities faster,” Zuckerberg’s message
said. Following his announcement, Meta shares were up by about 5.5%.
However, investors appear to be disillusioned with his reckless diversification
and sinking funds in unrelated areas like Reality Labs.
MENLO PARK (Silicon Valley, California), March 14: Meta will lay off more employees
in a second dose of staff reduction. The parent organisation of Facebook and
WhatsApp announced on Tuesday that it will terminate the services of another
10,000 employees this year.
Announcing the layoff, Meta CEO Mark Zuckerberg said the year 2023 will be
Meta’s “year of efficiency.” “A leaner org will execute its highest priorities
faster,” Zuckerberg’s message said.
Following his announcement, Meta shares were up by about 5.5%.
The company laid off more than 11,000 employees in November last. That was
roughly 13% of total employees. Then Zuckerberg had said Meta plans “on cutting
projects that aren’t performing or may no longer be crucial” and “removing layers
of middle management to make decisions faster.”
“Here’s the timeline you should expect: over the next couple of months, org
leaders will announce restructuring plans focused on flattening our orgs, canceling
lower priority projects, and reducing our hiring rates,” Zuckerberg said in
a message to employees.
However, days earlier Meta had already started disbanding Kustomer, a customer
service company it acquired last year, and New Product Experimentation team.
But there was no mention of his most expensive venture, Reality Labs unit. Investors
appear to be disillusioned with his reckless diversification and expenditure.
It also disbanded its skunkworks New Product Experimentation team.
Zuckerberg predicted the economic instability could continue for “many years.”
The world's largest social media platform, Meta began with Facebook app and
today has multiple powerful apps like photo and video sharing app Instagram
and WhatsApp messaging. There are billions of customers. Met shares a large
segment of advertiesement. It faces intense competition from Google and Snapchat.
Other competitors are Apple (messaging), YouTube (advertising and video), Bytedance
(social media) and Tencent (messaging and social media).
Meta Platforms' total number of employees
In 2022 was 86,482, a 20.16% increase from 2021;
In 2021 was 71,970, a 22.81% increase from 2020;
In 2020 was 58,604, a 30.4% increase from 2019; and,
In 2019 was 44,942, a 26.29% increase from 2018;
For previous years the numbers were:
Year 2018 - 35,587;
Year 2017 - 25,105;
Year 2016 - 17,048;
Year 2015 - 12,691;
Year 2014 - 9,199;
Year 2013 - 6,337;
Year 2012 - 4,619; and,
2011 - 3,200
Meta expenses in 2023 is expected to come down to $86 billion to $92 billion,
lower by a few billions of last year.
Twilio, Dell, Zoom and eBay also recently announced reductions in their workforce.
In January, Google announced plans to lay off more than 12,000 employees, Microsoft
10,000 employees and Salesforce said it will cut 7,000 jobs. Amazon had a second
layoff in January, removing 18,000 employees.
WHAT TO DO, WHEN... : IndiaTravelTimes does not guarantee the
authenticity of the video (above) of the episode of the flight turbulence at
Durgapur airport on May 1, yet this is being put out with a view to
familiarising the ordinary fliers with such probabilities lest they are
caught unawares and fail to react rationally to handle such terrible
situations. The 'eternity' can last up to 15 minutes. Tighten your belts,
believe in your pilot and shift your thoughts to reduce disabling anxieties!
Rest assured, the aircraft can rock and fall but not more than a hundred
feet anyway.
During the event, nearly 50 other people, including bull tamers and spectators,
were also injured. Jallikattu is a bull-taming sport, which has been part of the
festival of Pongal in Tamil Nadu.
Whole localities are sent into quarantine in China using force if someone is
symptomatic of covid. The quarantines are metal boxes set up in far away
camps. The authoritarian regime is resorting to draconian methods to check a
new wave of the epidemic in the country that has already locked down three
cities currently. On the other hand, the US presents a contrasting scenario
where in the name freedom large sections of people refuse vaccination and
assault health workers who mandate the covid restrictions.
Virgin Galactic's Richard Branson, who opened a new chapter in
space age last month by launching the first manned private flight
to the edge of space, flying in his own spaceplane, has
invited everyone to join his expedition of space travel and
experience the thrill of totally losing your weight (BMI = 0) and enjoy
the mind-blowing sight of the earth's curvatures from the orbit far above: Register Your Name Here
Can we ask the vaccinator, "Do you pull back the plunger and
then push the vaccine? Do you Aspirate?" When the vaccination
for covid started there were reports of worrisome incidents of
adverse events post immunisation, the serious complaints being
non-specific blood clots. These related to viral vector vaccines of
human and non-human source: AstraZeneca and Janssen. How
did it happen. There are various views. But here is a suggestion
how simply it can be prevented.
Marking a fierce but interesting competition among the
billionaires, adventure specialist Richard Branson launched
commercial space travel from his 'Spaceport America' on Sunday,
pipping the world's richest man, Amazon's Jeff Bezos, to the
post, becoming the early bird to fly to the edge of space as the
first private space tourist nine days earlier than his rival.
Although he did not cross the Karman line.
President Biden has signed the Juneteenth National
Independence Day Bill making June 19 a federal public holiday to
commemorate the symbolic end of chattel slavery in the US.
The Mars rover, a six-wheeled, SUV-sized robotic vehicle, sailed
through space for seven months to land on a prime spot for geo-biological study of the red planet for signs of ancient extraterrestrial life. It takes radio waves 11 minutes to reach Earth. (Listen to:- DAVID BOWIE: Life
On Mars?:)
While the rationalists debunk the episode as a ploy to make up for
the losses in offerings during the corona lockdown, the believers
stick to their claim, they have seen it after all! The claim of
Shankaralinga temple resembles the miracle of Ganesha drinking
milk in Delhi way back in 1995. Although they belong to two
different branches of science.
After his reappearance, Alibaba's Hong Kong-listed shares went up
by 8.5%. The Chinese billionaire made his public appearance on
Wednesday. (SEE Video: Davos 2015 - An Insight An Idea with
Jack Ma - A conversation with Jack Ma, Founder and the then Executive
Chairman of Alibaba Group, on leadership, entrepreneurship and
the future of commerce: Interviewed by Charlie Rose, Anchor, CBS
News, USA)
A pair of socks gifted to her by her niece displayed on her legs has done
the job for Gumball Poodle. The demand for 'Future is Female' is
skyrocketing indeed. What more could one ask for?