It is indicated that the Facebook (Meta) company, which has worked for two decades by ensuring that they will not have strong competitors in the field of social media, is facing a severe crisis. According to reports, the company is planning to lay off around 12,000 employees as part of its efforts to mitigate the impact. In addition to problems unique to Facebook, Facebook may also be affected by the problems faced by technology companies as a whole.
One of the main problems faced by Facebook and others is the low amount of money that companies and others spend on advertising at the global level. There are also problems like recession and inflation in the market. During a Q&A session between Meta’s employees and Chief Executive Officer Mark Zuckerberg, directors across the company were asked to identify at least 15 percent of the underperformers, Business Insider reports. This is part of the restructuring of the company.
The move was hinted at last week in a note posted by a Meta employee on the app Blind. Blind is one of the favorite apps of those working in the technology sector. This app can be used without anyone else’s knowledge but can only be accessed by providing the email address of the company he works for.
∙ Outbound ‘Training’ for 15 percent
15 per cent of the people employed in various departments of the company It is believed that he will be dismissed. Employees who fall into the ‘need help’ category are generally poor performers. Many people may be given an opportunity to move to another post within the company after their performance is found to be unsatisfactory.
It will take 30 days. The Meta officer says that those who are not interested in transferring to other posts may be asked to leave. In short, the meta plan is to dissolve without much fuss.
Other companies are following Meta’s path
Last week, Meta announced that other companies are following Meta’s path in temporarily halting recruitment. Reasons include the fear of global financial collapse. Many believe that companies like Apple, Microsoft, and Google may soon follow the path of meta-brightness.
Zuckerberg’s position is that he thought that the world would have recovered from the financial crisis by now and since that did not happen, the company could proceed with more control. Most of the categories will reduce people. At least 30 percent of the engineers who were planned to be hired may not be taken. The company is planning to downsize employees in several existing departments. At the same time, the possibility of development in many other areas may also be explored.
Meanwhile, The Daily Mail reports that a Facebook spokesperson said it is getting rid of its 225 Park Avenue South office in New York. The report also states that ongoing development work for the office at 770 Broadway has been halted. Construction on the nearly 300,000-square-foot building has been halted.
∙ Meta was trying to move away from the path of the social
For this, even the name of the company has been changed to Meta in a non-controversial way. However, the company found that its virtual reality social network app ‘Horizon Worlds’ was confusing people. With this, The Verge reports that the company is asking its employees to spend more time on Metaverse. The company says it is looking for ways to improve the quality of the app.