After the rumors come the actual layoffs . Meta, the parent company of the social network Facebook, has decided to send 11 thousand people home .

The company announces it in a statement: "Today I share some of the most difficult changes we have made in the history of Meta", said the head of the company Mark Zuckerberg in a message to employees. "I have decided to reduce the size of our team by approximately 13% and to separate ourselves from 11,000 talented employees."

The number one on Facebook does not deny that the "fault" is his: "I made a mistake, and I take responsibility for it". It overestimated the growth of the metaverse, with "a significant increase in investment" of $ 3.7 billion and therefore faced with an excess of staff.

"Not only has e-commerce never returned to the levels of the acute phase of the pandemic - he explained - but the macroeconomic recession, the increase in competition and the decline in online advertising have meant that our revenues were much lower. than I was expecting".

“We need to become a leaner and more efficient company,” he wrote. New hires will also be blocked until the first quarter of 2023.

Not only that, there will also be a “streamlining” of spaces : “We are moving to sharing the desk for people who spend most of their time out of the office. In the coming months we will implement further cost reductions like this one ”.

(Unioneonline / D)