Meta Platforms, the company that owns Facebook, WhatsApp and Instagram, has announced a new workforce adjustment plan that will mean the dismissal of about 10,000 workers, as well as the closure of around 5,000 vacancies still not covered, as reported by the multinational, which at the end of 2022 already undertook an adjustment of 11,000 jobs.
“Overall, we expect to reduce the size of our team by around 10,000 people and close around 5,000 vacant positions additional that we have not hired yet”, has announced Mark Zuckerberg. “This will be difficult and there is no way to avoid it,” he said.
In this sense, the founder and CEO of the company has indicated that Meta expects to announce restructuring and layoffs in their technology groups at the end of April and then in their business groups at the end of May.
However, it has warned that, in some cases, it may take until the end of the year to complete the changes, while the schedule for affected international teams may also vary.
“My hope is to make these changes to the organization as soon as possible in the year so that we can overcome this period of uncertainty and focus on the critical work ahead,” Zuckerberg said.
Thus, after the restructuring, Meta plans to lift the hiring freeze and transfers in each group.
Likewise, the company plans to complete this summer its analysis on hybrid work to further refine its distributed working model, as well as trying to keep a steady stream of developer productivity improvements and process improvements throughout the year.
At the beginning of February, Meta reported that it obtained a net profit of 23,200 million dollars (21,725 million euros) in 2022, which represented a drop of 41% compared to the result recorded a year earlier, while its annual income added a total of 116,609 million dollars (109,197 million euros), 1.1% less than in 2021, which represents the first annual drop in the company’s turnover.
Looking ahead to 2023, Meta’s financial director, Susan Li, He expressed his confidence that total revenue for the first quarter will range between 26,000 and 28,500 million dollars, while he calculates that total expenses for the entire year will be in the range of between 89,000 and 95,000 million dollars (81,609 and 87,110 million euros). , compared to the previous perspective of between 94,000 and 100,000 million dollars (86,194 and 91,695 million euros).