Meta (recognized as extremist and banned in Russia) confirmed the upcoming 5% staff reduction, which will amount to approximately 3,600 employees. about this writes CBS News edition.
The decision stems from expectations for a “busy year” focused on the development of artificial intelligence technologies and smart glasses, according to a note from Meta CEO Mark Zuckerberg. According to Zuckerberg, the cuts will primarily affect some low-performing employees. As of September 30, Meta had approximately 72,400 employees.
Additionally, Meta is ending its fact-checking program, replacing it with a user-based system, and is also eliminating a number of DEI (diversity, equity, and inclusion) programs. Zuckerberg attributed the initial decision to the upcoming US presidential election and called it a “cultural turning point.” Dismissed employees will be paid generous severance pay.
Meta Platforms, Inc. It is an American multinational technology holding company headquartered in Menlo Park, California. It is the parent company of Facebook (the owner of the company Meta is considered an extremist and is banned in Russia), Instagram (the owner of the company Meta is considered an extremist and is banned in Russia), WhatsApp and Reality Labs. Amazon is one of the most valuable companies in the world, along with Alphabet (which owns Google), Apple and Microsoft.
Previously Zuckerberg allowed Compare immigrants to dirt and feces.