Tells staff focus products meta stock plus#

Want to chat more on Meta? Head over to the Shares app and join one of our communities!Īs with all investing, your capital is at risk. Facebook parent company Meta last week told staff it would stop or slow the pace of adding midlevel or senior roles, while Robinhood is cutting about 9 of its workforce. With 3,000 workers based in Meta's European office in Dublin, it remains unclear how many will be affected in each region. Zuckerberg Tells Staff to Focus on Video Products as Meta’s Stock Plunges Company now facing ‘unprecedented level of competition’ Meta working to retain employees as bonus season. Meta posted 32.2 billion in revenue in the fourth quarter of 2022, down 4 from the 33.7.

It's said that 'similar' packages will be offered to employees outside the U.S. Meta shares fell from a high of 379 in August 2021 to a low of about 88 by October 2022, a 77 drop. An additional family health insurance package of 6 months will also be offered.

Tells staff focus products meta stock plus#

based employees will receive 16 weeks worth of pay plus a week for each year they've been with Meta. What will happen to those made redundant?Įmployees are expected to receive an email soon, Zuckerberg said, and will have an opportunity to 'ask questions'. In the short-term, Meta will look to cut costs elsewhere – including reducing its spending on buildings and offices and increasing desk-sharing. The company will remain focused on high-priority growth areas, like artificial intelligence (AI), advertising, and of course, the long-term vision for the metaverse. It seems Zuckerberg's vision for Meta remains unchanged, however. I got this wrong, and I take responsibility for that Mark Zuckerberg What's next for Meta?