The current market conditions mean that many companies report weaker financial results. This is due to the prevailing inflation, and we are still feeling the effects of the pandemic that began over two years ago. This has left a mark on both small and large companies, as confirmed by the recent decisions of Meta, which was commented on by the head of the company Mark Zuckerberg.
Mark Zuckerberg issued an announcement in which he announced the dismissal of over 11 000 Meta employees. This means the dismissal of approximately 13% of all employees in the company. Zuckerberg explains the need to cut wages inside the company with the current macroeconomic market situation, but he also took into account the incorrect assessment of the company's investment and the poor condition of the advertising market. Meta is set to be one of the companies that misjudged the transition from the online world to the real world after the COVID-19 pandemic. Redundant workers in the United States will receive severance pay and pay for their health insurance for the next six months. In addition, Meta ensures that it will try to help its former employees find a new job.