Facebook (Meta) has announced large-scale layoffs this week of thousands of ‘woke’ employees amid a severe drop in revenue.
Meta currently has over 87,000 employees.
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According to the WSJ:
Inc. META 2.11%increase; green up pointing triangle is planning to begin large-scale layoffs this week, according to people familiar with the matter, in what could be the largest round in a recent spate of tech job cuts after the industry’s rapid growth during the pandemic.
The layoffs are expected to affect many thousands of employees and an announcement is planned to come as soon as Wednesday, according to the people. Meta META 2.11%increase; green up pointing triangle reported more than 87,000 employees at the end of September. Company officials already told employees to cancel nonessential travel beginning this week, the people said.
Thegatewaypundit.com reports: META-Facebook shares were down more than 24% a couple weeks ago on a weak Q4 forecast and earnings collapse.
Mark Zuckerberg’s fortune took a huge hit.
“Mark Zuckerberg’s fortune plunged by $11 billion after his Meta Platforms Inc. reported a second-straight quarter of disappointing earnings, bringing his total wealth loss to more than $100 billion in just 13 months.” Bloomberg News reported.
Facebook (META) stock is down more than 73% over the year and has lost $800 billion of its market cap, CNBC reported.
Facebook fell from a 52-week high of $353 per share to $92 per share on Wednesday.
Last summer Facebook’s market capital was nearly $1 trillion dollars and now it is closer to $245 billion.
Good riddance!
Sean Adl-Tabatabai
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The sun has gone to bed and so must I
So long, farewell, auf wiedersehen, goodbye
Goodbye, goodbye, goodbye
Goodbye
Ben Swann explains the government interference in Facebook that started with the Israeli government monitoring Facebook for posts it labels as “incitement”, and over 95% of the requests were removed . . . https : // russia-insider . com/en/israeli-government-has-free-hand-censor-facebook-are-you-nuts-zuckerberg-ben-swann-video/ri24602 https://uploads.disquscdn.com/images/9109fc68594b20140ec8cf0f98ba2d0fc7241c4a12850fef90db35b4e15ec78d.jpg
Look pal England created Israel It’s Made in England. Wake up.
And Facebook was made by the CIA. Its a tool of the MILITARY like the Internet it was all military created really.. They don’t profit from peace.
Just wait to see who he brings in. Don’t open an account on twitter. delete the app and move on.
Party is over. AMF YOYO
And..
https://uploads.disquscdn.com/images/4d33581c170c2769fdb5ad0ea4fb41c15367b998da60f1399874006c89b82dc7.jpg
You cant ride two horses with one ass zuckerturd!
One less enemy propaganda site. Won’t miss those evil bullies at all.