Mark Zuckerberg fired 13% of the misión team. He told his employees that.
It’s been a year since Fb rebranded to Misión and announced a name that would serve it include all your products (Fb, Instagram and WhatsApp) under one roof. Mark Zuckerberg said his company is focused on popular technologies, with a an ambitious project called “Metaverse” as one of his star targets.
Now it seems that this project is not going as well as it should. Misión has created more than 11,000 employeesand Mark Zuckerberg He published a long letter in which he speaks to all the people who make their way.
That’s what Zuck said about the version
downsizing that they have reached 13% of the workforce. Zuck’s letter began as follows:
Today I’m sharing some of the toughest changes we’ve made to misión-story. I have decided to downsize our team by approximately 13% and lay off more than 11,000 of our most talented employees. We’re also taking some additional steps to become a leaner, more efficient organization by cutting discretionary spending and extending the hiring freeze through Q1. [de 2023].
These layoffs include a complicated moment for misiónwhich gave signs of modest gains that spooked investors and sent shares plummeting 20%.
Misión owner however The buck does not jump and takes responsibility Why things are the way they are:
I want to take responsibility for those decisions and how we got here. I know this is difficult for everyone and I want to apologize to those affected.
He goes on to say that Misión will do it Make cuts in all companies that it’s under their roof, but that hiring will be disproportionately affected because they don’t plan on hiring enough new employees in 2023. The letter continues:
This is a sad moment and there is no more. For those of you who are leaving, I want to thank you for everything you put into this.
Affected employees received pay for 16 weeks in exchange for two additional weeks for each year of service, according to Zuck himself. In addition, the company covers his health insurance for six months.
Misión invests heavily in the Metaverse. so much It cost him about $9.4 billion so the company loses. And Misión is already forecasting that losses will continue to mount in the coming years. These layoffs may not be the only ones we’ll see from Misión anytime soon…