According to the statement made by Meta CEO Mark Zuckerberg, the company has cut more than 11,000 people in total number of employees. going to a cut of about 13%.
In Meta’s financial statement, which was announced a few weeks ago, the company’s metaverse department’s budget deficit of more than $9.4 billion per year information was given.
Meta management is making a big cut in the number of employees in order to reduce the company’s expenses. The company also has other cut back on spending and recruitment stop until next year plans.
Mark Zuckerberg regarding the company’s negative performance macroeconomic developments gave reason and the company “his income is far below his expectations” told.
Meta, in order to cope with the difficult situation it faces to the artificial intelligence engine, Meta’s advertising platform and to the metaverse strategy more will start allocating resources.
Although the total number of employees decreased by more than 10%, “his long-term vision for the metaverse” will continue to protect.