Meta, the social media company, will continue to lay off part of its workforce, recently announcing 10,000 new layoffs to be carried out during 2023 as part of its new efficiency policy. Mark Zuckerberg, the company’s CEO, said that artificial intelligence (AI) was currently the company’s most prominent investment, even beyond the metaverse.
Meta announces 10,000 layoffs, striving for sustainability
Meta, the parent company of platforms like Facebook, Instagram and Whatsapp, has announced a new set of moves as part of its “year of efficiency” policy. in a facebook mailMeta’s CEO, Mark Zuckerberg, announced a new round of 10,000 layoffs, which will be executed during the remainder of 2023. In addition, he stated that 5,000 open hiring positions will be closed.
Zuckerberg explained that these layoffs were a consequence of the new economic configuration currently facing the US and the world. In this regard, Zuckerberg stated:
Higher interest rates lead to the economy running more efficiently, greater geopolitical instability leads to greater volatility, and greater regulation leads to slower growth and higher innovation costs. Given this outlook, we will need to operate more efficiently than our previous downsizing to ensure success.
However, Zuckerberg says that the company is working on a plan to continue investing in future developments while maintaining the company’s sustainability in the short term.
This move was anticipated in February, with reports pointing to a new round of layoffs due to delays in finalizing internal budgets. Meta laid off 13% of its staff in November last year, heralding a culture change at the company and citing macroeconomic conditions as the cause of the move.
Closer to AI than to the metaverse
While Zuckerberg mentions the metaverse as part of the key technology for the company in his blog post, stating that it serves “to provide a realistic sense of presence” and that it “remains critical to defining the future of social connection,” he revealed. Goal. it is currently putting funds behind other emerging fields as well.
As part of an explanation of how the company conducts business internally, Zuckerberg commented:
Our single largest investment is in advancing AI and integrating it into each of our products. We have the infrastructure to do this on an unprecedented scale and I think the experiences it will enable will be incredible.
What do you think of the new round of layoffs announced by Meta CEO Mark Zuckerberg? Tell us in the comment section below.
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