Mark Zuckerberg invests 71,000 million euros in the first year of Metaverse

Target, owner of Facebook and Instagram, has decreed a strike in its hiring and will implement other measures to restructure teams and reduce company expenses, according to its adviser delegate, Marck Zuckerberg invests 71,000 million euros in the first year of metaverseassure this Friday the economic media.

Zuckerberg warned that Meta, which had more than 83,500 employees as of June 30 and hired 5,700 people in the second quarter, will be a company smallest in 2023. “I expected the economy It would have stabilized more clearly. But from what we’re seeing, it still doesn’t look like it’s done, so we want to plan something conservative”, he pointed out when making the announcement to the workers.

Zuckerberg stressed that during the company’s first 18 years, it grew up rapidly every year, “and then, more recently, our revenue was flat, or down slightly for the first time.” Last week, The Wall Street Journal already reported that Meta was planning cut bills by at least 10% in the coming months, its first big budget cut since it was founded in 2004.

The plan includes a reorganization internal and significant reductions in certain equipment, although the business still plans to hire “thousands of people” in 2023, according to an internal message sent to employees by the head of staff of the company, Lori Goler, seen by the newspaper after the meeting sustained with Zuckerberg.

Goler also warned in the message that the budget of company for 2023 it would be “very tight” in all the teams and that the unemployment in the hiring It would allow you to concentrate on important projects. The communication further details that Meta would not automatically cover the vacancies and that no more internal transfers will take place to prevent people from filling positions that could change.

the giant of the technology has been adjusting its staffing plans for months after announcing in May that changes to ad tracking introduced by Apple last year would cost it about $10 billion this year. It also faces challenges as a result of increased competition from rivals to achieve usersparticularly TikTok.

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Mark Zuckerberg invests 71,000 million euros in the first year of Metaverse