The fate of Meta’s African group remains in a critical state as the firm reported the cutback of 11,000 workers on Wednesday.
This addresses 13% of its 87,000 worldwide employees base and is coming after Twitter laid off 3,700 workers on Friday. Twitter’s cutback impacted the vast majority of African group had recently truly continued at the company’s Africa office situated in Ghana.
While it is as yet muddled what Meta’s cutback could mean for its African group, a message by Meta’s CEO,Mark Zuckerberg, uncovered that the staff reduction would affect Family of Apps and Reality Labs in every of its organisation.
He said, “There is no good way to do a layoff, but we hope to get all the relevant information to you as quickly as possible and then do whatever we can to support you through this.
Everyone will get an email soon letting you know what this layoff means for you. After that, every affected employee will have the opportunity to speak with someone to get their questions answered and join information sessions.”
Meta’s third quarter revenue declined four per cent year on year to hit $27.7bn and its net income declined from $9.19bn to $4.39bn y-o-y. The firm’s market cap has dropped from $1tn in the middle of the pandemic to $250bn.
According to him, this would affect the firm’s recruitment plans, considering it was planning to hire fewer people next year.