Meta plans to launch the largest layoffs in history this week. This layoff will have the following impacts. 1. Meta plans to launch the largest layoffs in history this week

After giants such as Intel, Microsoft, Twitter, and Amazon laid off employees, Meta’s large-scale layoffs are imminent.

Relevant media reports that Meta will begin a large-scale layoff this week. This layoff will be the largest layoff since the company was founded in 2004, and may affect thousands of employees. employee.

The number of layoffs and the proportion of layoffs are not yet known. However, the layoffs are expected to end this weekend. 2. Meta’s metaverse projects will be reduced

Meta’s projects in the metaverse have spent 15 billion since last year. But in the end it was just thunder and light rain.

Last week, some shareholders even wrote to Zuckerberg and Meta’s board of directors, urging the company to save money, start layoffs, and cut half of the Metaverse’s expenses.

A Meta investor specifically wrote to Zuckerberg and Meta’s board of directors, suggesting that Meta reduce its investment in the Metaverse as soon as possible, because it is a bottomless pit, and even if you throw money into it, it will not be enough. There will be any movement.

In addition to proposing a significant reduction in investment in the Metaverse, the letter also pointed out that there are currently too many people in Meta, too many ideas, and a lack of urgency. We must reduce expenditures as soon as possible and start Layoffs. It is believed that Meta will first start laying off employees and then start scaling back the metaverse projects. 3. American technology companies will launch a wave of layoffs

Another technology giant, Google, also announced news of layoffs. Half of the employees at Google's startup Area 120 must find new jobs within the company within 90 days.

Sundar Pichai, CEO of Alphabet, Google’s parent company, said the company will reduce its hiring rate for the rest of the year and hopes to increase the company’s productivity by 20%.

U.S. online ride-hailing company Lyft said it will lay off 13% of its employees in order to save costs. Seagate, the world's largest computer hard drive manufacturer, is also planning to cut about 3,000 global employees, accounting for 8% of its global employees.