The wave of layoffs in tech is growing: After Twitter, is Meta next?

THE WAVE OF LAUNCHES IS GROWING IN TECHNOLOGY: AFTER TWITTER IS IT THE TURN OF META?

While discussions about the dismissal of about half of its 7500 employees after Elon Musk's purchase of Twitter continued, another news that would shake the technology industry came from Meta, which includes platforms such as Facebook, Whatsapp and Instagram.

After the world's richest person, Elon Musk, bought Twitter for $ 44 billion, the dismissal discussions rose. Employees filed a lawsuit against Twitter management for the late notice of the dismissal.


ONE MORE BAD NEWS FOR THE TECHNOLOGY INDUSTRY

While the echo of the situation on Twitter continues around the world, another news has come that will shake the technology industry. It has been announced that Meta, which includes platforms such as Facebook, Whatsapp and Instagram, is preparing to lay off thousands of people.


IT WILL AFFECT THOUSANDS OF PEOPLE

The Wall Street Journal newspaper announced that the layoffs will be announced on Wednesday and announced that this situation will affect thousands of people. Meta refused to confirm the news, but a statement made late last month by Meta CEO Mark Zuckerberg resurfaced: "In 2023, we will focus our investments on high priority areas. This means that some teams will grow, while most other teams will either stay flat or shrink over the next year. It's coming."


IT WILL BE THE FIRST LARGE-SCALE FIRST IN 18 YEARS

The company, which has 87,000 employees, is said to have instructed the staff to cancel their non-essential travels. If the allegations are true, the layoffs will be the first large-scale mass layoffs in the company's 18-year history.

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