Petite contextualisation :
The latest layoffs, announced on Tuesday, come after Meta said in November that it was eliminating approximately 13% of its workforce, or 11,000 jobs.
The cuts announced in November coupled with the 10,000 announced Tuesday brings Meta’s headcount down to around 66,000 – a reduction of about 25%.
CEO Mark Zuckerberg said in a memo that the cuts will take place over the next couple of months, adding “this will be tough and there’s no way around that.”
Meta is far from the only Big Tech company to undergo layoffs: Amazon, Google-parent Alphabet and Microsoft have all confirmed recent cuts impacting tens of thousands of tech workers as well.
Et en prenant l’analyse des financiers, Le Zuck a fait tout cela parce qu’il a tiré les dures leçons de 2022 et abandonné officieusement Metaverse pour mettre le cap et tenter rattraper les champions en IA.
But Zuckerberg’s emphasis on investing in AI, and using the buzzy technology’s tools to make the company more efficient and boost its bottom line, is also “what the shareholders and the market want to hear,” Mogharabi said. Many investors had previously griped at the company’s metaverse ambitions and spending. In 2022, Meta lost more than $13.7 billion in its “Reality Labs” unit, which houses its metaverse efforts.
And investors appear to welcome Zuckerberg’s shift in focus from the metaverse to efficiency. After taking a beating in 2022, shares for Meta have surged more than 50% since the start of the year.
Angelo Zino, a senior equity analyst at CFRA Research, said on Tuesday that the second round of layoffs at Meta “officially make us convinced that Mark Zuckerberg has completely switched gears, altering the narrative of the company to one focused on efficiencies rather than looking to grow the metaverse at any cost.”