Meta, the owner of Facebook and Instagram, is completing another adjustment with thousands of layoffs

Goal Platforms, the company that owns it Facebook, What’s up and instagramwhich announced the layoff of 11,000 jobs at the end of 2022, is bringing a new round to an end dismissals it would affect thousands of workers and could be announced this week, according to reports Bloomberg.

According to sources familiar with the operation, but not identified by the agency, this new workforce adjustment would be caused by the group’s poor financial performance, particularly a slowdown in advertising revenue. Given these results, vice presidents and managers of various departments were asked to compile lists of employees who could be fired. In addition, the company is also studying the workload of various teams to reduce their size, especially those it now deems non-essential, a move that is still being finalized and could affect thousands of employees.

In this regard, one of the sources indicated that the holders of the plan hope to create it sooner Mark Zuckerberg take one paternity leave for their third child, whose birth is imminent.

In mid-February, the economic newspaper Financial Times He already predicted that Meta is preparing a new round of shutdowns that will happen in March. The news comes a few days after the parent company of Facebook and Instagram announced its results for 2022, a year in which it posted a net profit of $23.2 billion (€21.725 million), a 41% drop year-on-year. a year earlier, while annual revenues fell by 1.1%, the company’s first annual decline in turnover.

Looking ahead to 2023, Meta CFO Susan Li expressed confidence that total revenue for the first quarter will be in the range of $26 billion to $28.5 billion, while she estimates total expenses for the full year to be in the range of $89,000 million to $95,000 million. dollars (81,609 and 87,110 million euros), compared to the previous perspective of between 94,000 and 100,000 million dollars (86,194 and 91,695 million euros).