Meta co-founder and Chief Executive Officer, Mark Zuckerberg, is reportedly taking the same path with Twitter’s Elon Musk by sacking workers to save his firm’s earnings.
There have been claims that social media companies grew too fast, especially in workforce, placing a burden on their turnover amid dip in ads earnings.
During the COVID-19 pandemic, Meta, parent firm of Facebook, had hired over 27,000 employees in 2020 and 2021 to meet the demands from rapid migration among global population seeking entertainment online during the lockdown.
