Plan to lay off employees in 2023 – Facebook CEO explains!
Facebook’s company Meta has announced that it will lay off employees again in 2023. Mark Zuckerberg, the CEO of Meta Company, has given an explanation about this.
Notification of Termination:
Many leading companies are laying off employees as the global economic recession takes its toll. This process of layoffs is said to be working to reduce costs in companies in a bad economic environment. In that way, Facebook’s parent company, Meta, has announced that it will cut staff again in 2023.
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Already Meta Company CEO Mark Zuckerberg laid off 11000 employees worldwide due to severe economic crisis situation. Following that, he is planning to make further layoffs in 2023. Meta – including Facebook, Instagram and WhatsApp – laid off more than 87,000 employees in 2022.
Commenting on this, Mark Zuckerberg said, “At the start of the Covid pandemic, the world moved rapidly online. Many predict continued economic stagnation after the pandemic ends. So I also downsized. This decision has been taken to significantly increase our investments.