Mark Zuckerberg said, ``The mass dismissal of Meta was my responsibility, and I was too optimistic about growth, which led to overstaffing.''


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The Crunchies!

Following the large-scale layoff (temporary dismissal) on Twitter, Facebook's parent company Meta will also carry out large-scale layoffs of thousands of people . About this, CEO Mark Zuckerberg says that it is his own failure to be overly optimistic about the company's growth.



Mark Zuckerberg confirms layoffs to begin at Meta – report | Meta | The Guardian
https://www.theguardian.com/technology/2022/nov/08/meta-layoffs-facebook-mark-zuckerberg

Wall Street Journal: Mark Zuckerberg tells employees layoffs coming Wednesday | CNN Business
https://edition.cnn.com/2022/11/08/tech/mark-zuckerberg-layoffs-meta/

Meta's CEO Mark Zuckerberg announced to executives at a meeting held on November 8 (Tuesday) that layoffs of employees will begin on November 9 (Wednesday). Zuckerberg, who attended the meeting, seemed depressed and said he was responsible for the failure and said that excessive optimism for growth had led to excess employment.

The layoffs are expected to be large-scale for thousands of people, and layoffs will be paid at least four months' salary as retirement benefits.

In the financial report for the third quarter of 2022 in October 2022, it is known that Meta plans to release the MR device 'Meta Quest 3' in 2023, but the performance is showing sluggish growth, and in February 2022 `` Decrease in market value of $ 230 billion (about 33 trillion yen) in one day '' recorded in `` is the largest number in history as a one-day loss of an American company.

``Meta Quest 3'' to appear in 2023, revealed in the third quarter 2022 financial report-GIGAZINE



This is the first major layoff for Meta.

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