{"id":7779,"date":"2022-11-09T19:38:47","date_gmt":"2022-11-09T18:38:47","guid":{"rendered":"https:\/\/costops.com\/index.php\/2022\/11\/09\/why-mark-zuckerberg-had-to-announce-11000-job-cuts-at-meta\/"},"modified":"2022-11-09T19:38:47","modified_gmt":"2022-11-09T18:38:47","slug":"why-mark-zuckerberg-had-to-announce-11000-job-cuts-at-meta","status":"publish","type":"post","link":"http:\/\/costops.com\/index.php\/2022\/11\/09\/why-mark-zuckerberg-had-to-announce-11000-job-cuts-at-meta\/","title":{"rendered":"Why Mark Zuckerberg had to announce 11,000 job cuts at Meta"},"content":{"rendered":"<p>Company thought rise in online activity would last, rivals stole its users, and metaverse was too uncertain for shareholders<\/p>\n<ul>\n<li><strong><a href=\"https:\/\/www.theguardian.com\/technology\/2022\/nov\/09\/mark-zuckerberg-meta-to-sack-11000-workers-after-revenue-collapse-facebook-instagram\">Facebook owner Meta to sack 11,000 after revenue collapse<\/a><\/strong><\/li>\n<li><strong><a href=\"https:\/\/www.theguardian.com\/business\/nils-pratley-on-finance\/2022\/nov\/09\/meta-mass-sackings-show-mark-zuckenberg-is-rattled\">Nils Pratley: Meta mass sackings show Zuckenberg is rattled<\/a><\/strong><\/li>\n<\/ul>\n<p>There are a lot of reasons why Mark Zuckerberg felt he had no choice but to institute a bruising wave of <a href=\"https:\/\/www.theguardian.com\/technology\/2022\/nov\/09\/mark-zuckerberg-meta-to-sack-11000-workers-after-revenue-collapse-facebook-instagram\">11,000 redundancies<\/a> at Meta.<\/p>\n<p>The company behind Facebook had overextended, he said. Like many of its competitors, it believed the rise in online activity during the coronavirus pandemic was a permanent shift: that although people were forced to turn to e-commerce, video chats and online gaming because they couldn\u2019t leave their homes, they would choose to carry on living that way once restrictions were lifted.<\/p>\n<p> <a href=\"https:\/\/www.theguardian.com\/technology\/2022\/nov\/09\/why-mark-zuckerberg-announce-11000-job-cuts-meta\">Continue reading&#8230;<\/a><br \/>\n<img src=\"https:\/\/i.guim.co.uk\/img\/media\/a796b558d7d44e81858801ab6146a68246b74b38\/0_10_5568_3341\/master\/5568.jpg?width=140&amp;quality=85&amp;auto=format&amp;fit=max&amp;s=87726bd44dfadae12a095e96696b38c7\" title=\"Why Mark Zuckerberg had to announce 11,000 job cuts at Meta\" \/>Company thought rise in online activity would last, rivals stole its users, and metaverse was too uncertain for shareholders<\/p>\n<p>Facebook owner Meta to sack 11,000 after revenue collapse<br \/>\nNils Pratley: Meta mass sackings show Zuckenberg is rattled<\/p>\n<p>There are a lot of reasons why Mark Zuckerberg felt he had no choice but to institute a bruising wave of 11,000 redundancies at Meta.<br \/>\nThe company behind Facebook had overextended, he said. Like many of its competitors, it believed the rise in online activity during the coronavirus pandemic was a permanent shift: that although people were forced to turn to e-commerce, video chats and online gaming because they couldn\u2019t leave their homes, they would choose to carry on living that way once restrictions were lifted. Continue reading&#8230;Technology | The Guardian<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Company thought rise in online activity would last, rivals stole its users, and metaverse was too uncertain for shareholders Facebook owner Meta to sack 11,000 after revenue collapse Nils Pratley: Meta mass sackings show Zuckenberg is rattled There are a lot of reasons why Mark Zuckerberg felt he had no choice but to institute a &hellip;<\/p>\n<p class=\"read-more\"> <a class=\"\" href=\"http:\/\/costops.com\/index.php\/2022\/11\/09\/why-mark-zuckerberg-had-to-announce-11000-job-cuts-at-meta\/\"> <span class=\"screen-reader-text\">Why Mark Zuckerberg had to announce 11,000 job cuts at Meta<\/span> Read More &raquo;<\/a><\/p>\n","protected":false},"author":0,"featured_media":7780,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/7779"}],"collection":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/comments?post=7779"}],"version-history":[{"count":0,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/7779\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media\/7780"}],"wp:attachment":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media?parent=7779"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/categories?post=7779"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/tags?post=7779"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}