Meta’s head of human resources, Lori Goler, said employees who lose their jobs will be provided with at least four months of salary as severance, the WSJ reported, citing people familiar with the matter., Instagram and WhatsApp, reported more than 87,000 employees at the end of September.in recent months, following a spike of success as the world moved indoors during the pandemic.
Meta has seen confusion over the company’s future in recent months, as its flagship platform Facebook loses young users and it faces revenue challenges due to changes in Apple’s privacy policies. Meanwhile, investors appear still unconvinced by the company’s pivot to the metaverse.$80bn off the company’s market value after it reported profits had halved during the third quarter. It was one of the most dramatic devaluations Wall Street has seen since the start of the year.
Hit the road ladies 😎
So things are going well then.
Maybe Mastodon could take some on, as they are probably very busy now?