Mark Zuckerberg announced the dismissal of 11 thousand employees of Facebook, Instagram and WhatsApp

The Meta logo is seen in this illustration taken on August 22, 2022. REUTERS/Dado Ruvic/File

Goalthe parent company of Facebookannounced on Wednesday the dismissal of 11,000 employeeswhich corresponds to about 13% of its troops.

“Today I share with you some of the most difficult changes we have made in the history of Meta,” announced the group’s executive director, mark zuckerbergin a message addressed to employees.

“I have decided to reduce the size of our team by approximately 13% and part ways with 11,000 of our talented employees,” he added.

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This is the first major social plan in the history of the American technology group.

Mark Zuckerberg attends the annual Munich Security Conference in Germany, February 15, 2020. REUTERS/Andreas Gebert/File
Mark Zuckerberg attends the annual Munich Security Conference in Germany, February 15, 2020. REUTERS/Andreas Gebert/File

“I want to take the responsibility for these decisions and how we got here. I know this is difficult for everyone, and I am especially sorry to those affected,” Zuckerberg said.

As of September 30, Meta had in its workforce about 87,000 employees around the world on its different platforms, which include the social networks Facebook and Instagram, as well as the WhatsApp messaging platform.

The company recently published disappointing quarterly resultswith a drop in its turnover and profits, as well as a stagnation in the number of users.

Some of the problems are specific to Meta, while others are tied to the economy and technology.

The Meta Platforms logo is seen in Davos, Switzerland, on May 22, 2022. REUTERS/Arnd Wiegmann/File
The Meta Platforms logo is seen in Davos, Switzerland, on May 22, 2022. REUTERS/Arnd Wiegmann/File

Meta has worried investors by allocating more than $10 billion annual to “metaverse” while away from social networks. Zuckerberg predicts that the metaverse, an immersive digital environment, will end up replacing cell phones as the main way of using technology.

Meta and its advertisers are preparing for a possible recession. In addition, they face the challenge of the privacy tools of Manzanawhich make it difficult for social media platforms like Facebook, Instagram and Snap to track their users without consent and serve them commercials based on their tastes.

The competition of TikTok It also poses a growing threat as younger users prefer the video-sharing app to Instagram, which is also owned by Meta.

An image of Elon Musk is seen on a cell phone placed over printed Twitter logos in this illustration taken on April 28, 2022. REUTERS/Dado Ruvic/File
An image of Elon Musk is seen on a cell phone placed over printed Twitter logos in this illustration taken on April 28, 2022. REUTERS/Dado Ruvic/File

The technology industry is currently going through a severe recession and several large companies have announced massive layoffs.

The new owner of Twitter, Elon Musklaid off half of its staff last week.

The businessman tweeted that there was no choice but to cut jobs “when the company is losing more than 4 million dollars per day”, although he did not elaborate on the losses.

These platforms, whose business model is based on advertising, suffer particularly from budget cuts by advertisers, affected by inflation and rising interest rates.

(With information from AFP and AP)

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Mark Zuckerberg announced the dismissal of 11 thousand employees of Facebook, Instagram and WhatsApp