Tuesday, March 28, 2023
  • Login
  • Register
btclive365.com
  • Home
  • Cryptocurrency News Today
  • Bitcoin (BTC)
  • Altcoins
  • Blockchain
  • Crypto Mining
  • CryptoCurrency Predictions
  • Defi
  • Dogecoins
  • Earn Crypto
  • Ethereum (ETH)
  • Forex Trading
  • ICO
  • Litecoin ( LTC )
  • NFT
  • Ripple
  • Trend cryptocurrency
No Result
View All Result
  • Home
  • Cryptocurrency News Today
  • Bitcoin (BTC)
  • Altcoins
  • Blockchain
  • Crypto Mining
  • CryptoCurrency Predictions
  • Defi
  • Dogecoins
  • Earn Crypto
  • Ethereum (ETH)
  • Forex Trading
  • ICO
  • Litecoin ( LTC )
  • NFT
  • Ripple
  • Trend cryptocurrency
No Result
View All Result
btclive365.com
No Result
View All Result
Home Earn Crypto

Meta Lets Go 13% of Its Workforce

btclive365 by btclive365
November 9, 2022
in Earn Crypto
0
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter


Meta has announced that it will lay off 11,000 employees or around 13% of its current workforce. 

Recently, Meta, the parent company of Facebook, was rumored to have its first massive workforce layoff to cut the costs of the company, as stated by the Wall Street Journal. Then, Meta announced that it will get rid of 11,000 employees. The layoff process has already started.

Besides the layoffs, Mark Zuckerberg, CEO of Meta, stated that there will also be a hiring freeze until the first quarter of 2023.

Mark Zuckerberg also stated that the layoffs are his responsibility and that he takes full accountability.

Besides the layoffs, Meta may stop some of its investments due to the current downtrend of the firm’s stocks, given that revenues have fallen.

In the recent financial reports of the third quarter of the year, Meta showed billions of dollars worth of losses. Its metaverse R&D department alone had a $3.67 billion loss in the third quarter.

Moreover, revenues reported worth $285 million were the lowest in quite a while for Meta. This led to FUD for Meta’s shareholders. Meta stocks have also declined throughout the year. The latter started asking questions regarding Metaverse-related endeavors that Meta has recently focused on.

But Meta is not the only one having major layoffs in its company. Other companies also had major layoffs recently. For instance, Elon Musk’s Twitter laid off 50% of its workforce. Here is a list of some of the companies having huge layoffs because of the macroeconomic downturn.

Layoffs This Month (% of Workers):

1. Twitter: 50%

2. Cameo: 25%

3. Robinhood: 23%

4. Intel: 20%

5. Snapchat: 20%

6. Coinbase: 18%

7. Opendoor: 18%

8. Stripe: 14%

9. Lyft: 13%

10. Shopify: 10%

11. Meta: “Thousands”

12. Apple: Hiring Freeze

13. Amazon: Hiring Freeze

— The Kobeissi Letter (@KobeissiLetter) November 8, 2022





Source link

Previous Post

Verkle tree structure | Ethereum Foundation Blog

Next Post

Polygon is Predicted to Reach $1.28 By Nov 12, 2022

btclive365

btclive365

Next Post

Polygon is Predicted to Reach $1.28 By Nov 12, 2022

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected test

  • 23.8k Followers
  • 99 Subscribers
  • Trending
  • Comments
  • Latest

How to sell Bitcoin – Bitcoin Magazine

November 9, 2022

Add a Tangible Asset to Your Portfolio: Buy Gold

January 7, 2023

Building Bitcoin Standard In Portugal – Bitcoin Magazine

November 9, 2022

USD/ZAR Rallies as SA President Ramaphosa Faces Potential Impeachment

December 1, 2022

Bitcoin price hits 2-week lows as FTX ‘bank run’ drains BTC reserves

1

Building Homesteader Lifestyle With Bitcoin – Bitcoin Magazine

1

Arbitrum dealings activity rockets 550% since August: Delphi Digital

0

Bitcoin․com Doubles Down on Self-Custody With Launch of Verse DEX – Press release Bitcoin News

0

FTX Founder SBF Faces Scandal for Bribing $40 Million To Chinese Officials to Unfreeze Alameda’s Crypto Accounts

March 28, 2023

Williams Racing and Kraken Announce Global Crypto Partnership Ahead of Australian Grand Prix

March 28, 2023

Mainnet Shapella Announcement | Ethereum Foundation Blog

March 28, 2023

The bigger-picture direction remains upwards – Nordea

March 28, 2023

Recent News

FTX Founder SBF Faces Scandal for Bribing $40 Million To Chinese Officials to Unfreeze Alameda’s Crypto Accounts

March 28, 2023

Williams Racing and Kraken Announce Global Crypto Partnership Ahead of Australian Grand Prix

March 28, 2023

Mainnet Shapella Announcement | Ethereum Foundation Blog

March 28, 2023

The bigger-picture direction remains upwards – Nordea

March 28, 2023

We deliver up-to-date, breaking crypto news about the latest Bitcoin, Ethereum, Blockchain, NFTs, and Altcoin trends and happenings

Follow Us

Browse by Category

  • Altcoins
  • Bitcoin (BTC)
  • Blockchain
  • Crypto Mining
  • Cryptocurrency News Today
  • CryptoCurrency Predictions
  • Defi
  • Dogecoins
  • Earn Crypto
  • Ethereum (ETH)
  • Forex Trading
  • ICO
  • Litecoin ( LTC )
  • NFT
  • Ripple
  • Trend cryptocurrency

Recent News

FTX Founder SBF Faces Scandal for Bribing $40 Million To Chinese Officials to Unfreeze Alameda’s Crypto Accounts

March 28, 2023

Williams Racing and Kraken Announce Global Crypto Partnership Ahead of Australian Grand Prix

March 28, 2023
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2022 btclive365 All Right Rivered .

No Result
View All Result
  • Home
  • Cryptocurrency News Today
  • Bitcoin (BTC)
  • Altcoins
  • Blockchain
  • Crypto Mining
  • CryptoCurrency Predictions
  • Defi
  • Dogecoins
  • Earn Crypto
  • Ethereum (ETH)
  • Forex Trading
  • ICO
  • Litecoin ( LTC )
  • NFT
  • Ripple
  • Trend cryptocurrency

© 2022 btclive365 All Right Rivered .

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In