Meta in crisis: I'll take out 10,000 employees.

Meta, the company that owns Facebook, Instagram and Whatsapp, has announced it will cut 10,000 jobs.

This will be the second series of massive cuts, where in November last year it fired 11 thousand workers.

Chief executive Mark Zukenberg said that “situata is difficult” and that they were part of an efficient year. In addition to losing 10,000 jobs, 5,000 open roles in the company will remain incomplete.

Meta reported earlier that in the three months until December 2022, revenues decreased by 4% year-on-year, although he still managed to make a profit of more than $23 billion over the course of 2022.

He also cited the fact that high rates of US interest and geopolitical instability have influenced this decision.

Shorts come after companies including Google and Amazon They have faced the way they balance costs reduction measures with the need to remain competitive.