Mark Zuckerberg’s Goal Announces Layoff of 11,000 Workers After Revenue Collapse

The American technology Goalowner of Facebook, WhatsApp and Instagramprovides lay off about 11 thousand workers13 percent of its workforce, according to a statement published this Tuesday on its website and signed by the mark zuckerberg.

These layoffsAccording to the head of Meta, they intend to achieve a more agile and efficient company and respond to the changes that have occurred in the economic and business environment.

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Those affected will receive an email to inform them of their situation.

Zuckerberg ensures in its statement that this decision is one of the most “difficult” in the history of the company and ensures that takes responsibility: “I know this is difficult for everyone, and I’m sorry especially for those affected“.

The covid-19 pandemic, says the company’s CEO, caused a significant rise of e-commerce Y “tremendous growth of income”, which subsequently have not been maintained.

“A lot of people predicted this would be a permanent acceleration that would continue even after the pandemic ended. I did too, so I made the decision to significantly increase our investments. Unfortunatelythis did not go as expected,” he adds.

Now, the macroeconomic recession, the increased competition and the loss of advertisers have caused, according to Zuckerberg“that our income is much lower than I expected. I was wrong and I take responsibility for it.”

The head of Goal recognizes that the company needs to focus in a minor number of sectorsreduce costs and prioritize some units such as the one oriented to the Artificial Intelligence engine.

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The layoffsaccording to the economic newspaper today The Wall Street JournalAre the first large reductions of personnel that have occurred in the eighteen years of the company’s history and coincide with those carried out by other technology companieslike Twitter.

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Mark Zuckerberg’s Goal Announces Layoff of 11,000 Workers After Revenue Collapse