Is Mark Zuckerberg, the head of Meta going to follow the footprint of Elon Musk, the new owner of Twitter? A large number of employees are going to be laid off within this week!
According to a source related to Meta, the news agency Reuters reported that Mark Zuckerberg’s company is on the way to lay off workers after Twitter. However, no statement was received from Meta on this matter.
In October, Meta reported the loss for the current year. It was said that the company’s stock market value has decreased a lot. Zuckerberg’s company has incurred huge losses. Even the recruitment of new staff on platforms like Facebook, WhatsApp, and Instagram has to be suspended. Zuckerberg has also reined in spending in many cases.
Some people think that this mass retrenchment can happen in his perspective.
Earlier, after acquiring Twitter, Elon Musk walked the path of mass layoffs. He said that he had to take this step to keep the expenses of the organization affordable.
