Meta, the company that owns social media brands WhatsApp, Instagram and Facebook, has today announced that more than 11,000 staff members will be axed from the business.
Founder and chief executive Mark Zuckerberg described it as a ‘sad moment’ and said that it was one of the most ‘difficult changes’ in Meta’s history.
In an email sent to staff and later shared online, he confirmed that the size of the team of ‘talented employees’ would be reduced by roughly 13% as part of a huge restructuring.
Zuckerberg added that Meta will become a ‘leaner and more efficient company’ by cutting discretionary spending and extending its hiring freeze through Q1.
He wrote: “I want to take accountability for these decisions and for how we got here. I know this is tough for everyone, and I’m especially sorry to those impacted.”
The letter outlined that many expected the surge in online growth triggered by Covid lockdowns to be a ‘permanent acceleration’ – but that this ‘did not play out the way he expected’.
Zuckerberg wrote: “Not only has online commerce returned to prior trends, but the macroeconomic downturn, increased competition, and ads signal loss have caused our revenue to be much lower than I’d expected. I got this wrong, and I take responsibility for that.”
The letter to staff outlined that those being made redundant will receive 16 weeks’ of base pay, plus two additional weeks for every year of service, with no cap.
They also added that employees in the US would continue to receive healthcare for six months, and those working on a visa will have access to immigration specialists, with similar support outside the US.
It said: “We made the decision to remove access to most Meta systems for people leaving today given the amount of access to sensitive information. But we’re keeping email addresses active throughout the day so everyone can say farewell.”
Further on, Zuckerberg wrote: “The teammates who will be leaving us are talented and passionate, and have made an important impact on our company and community. Each of you have helped make Meta a success, and I’m grateful for it. I’m sure you’ll go on to do great work at other places.”
He concluded: “This is a sad moment, and there’s no way around that. To those who are leaving, I want to thank you again for everything you’ve put into this place. We would not be where we are today without your hard work, and I’m grateful for your contributions.
“To those who are staying, I know this is a difficult time for you too. Not only are we saying goodbye to people we’ve worked closely with, but many of you also feel uncertainty about the future. I want you to know that we’re making these decisions to make sure our future is strong.
“I believe we are deeply underestimated as a company today. Billions of people use our services to connect, and our communities keep growing. Our core business is among the most profitable ever built with huge potential ahead. And we’re leading in developing the technology to define the future of social connection and the next computing platform. We do historically important work. I’m confident that if we work efficiently, we’ll come out of this downturn stronger and more resilient than ever.
“We’ll share more on how we’ll operate as a streamlined organization to achieve our priorities in the weeks ahead. For now, I’ll say one more time how thankful I am to those of you who are leaving for everything you’ve done to advance our mission.”
Featured image: Flickr
Rival Manchester fans urged to use different Wembley travel routes for FA Cup final
Football fans from rival Manchester clubs heading to watch the FA Cup final this weekend are being urged to take different travel routes to each other.
With it being the first time the two Manchester clubs have battled it out for the trophy in the final in the 151-year-old football competition’s illustrious history, tens of thousands of fans are expected to make the journey down to the capital.
But with this influx of excitable rival fans, admittedly, comes a set of challenges.
This is why The FA and TfGM have decided to introduce some measures, and issue travel tips and guidance, in a bid to make sure everyone stays safe, while still soaking in all the atmosphere of the historic day at the same time.
Due to what TfGM has called “significant” coordinated strike action by rail unions RMT and Aslef on Saturday, all supporters heading to the FA Cup final are advised to avoid trains and “consider alternative travel arrangements” instead – making sure to allow “additional time for travel” and planning their journeys “ahead of time”.
Fans are also being asked to check the road network carefully, as it’s also highly likely that traditional routes to Wembley will be “busier than normal” as a result of rail strikes.
The FA has confirmed that it will be providing 60 coaches for both Manchester clubs to help supporters get to Wembley and return to Manchester once the game has finished, but aside from this, TfGM has suggested that “anyone without an official match ticket should not travel to the game”.
The two Manchester clubs have been advised to encourage fans to use separate travel routes to each other to avoid clashes, and a list of service stations for each team has now also been published – confirming all the rumours to be true.
Allocation of motorway service stations
Manchester City supporters
Manchester United supporters
When it comes to the travel routes supporters of each team are advised to take, TfGM is urging Manchester City fans to take the M62/M1 as the first port of call, or taking the M6/M1 or M6/M6 Toll/M1 as a back-up option.
Manchester United supporters are encouraged to take the M6/M42/M40.
On top of information on travel routes and service station allocations, TfGM has also shared tips for matchday parking, tube travel around London, and more.
Two teens arrested after death of 21-year-old man found with ‘serious injuries’ in Old Trafford
Two teenage boys have been arrested following the death of a 21-year-old man who was found with “serious injuries” in Manchester.
The arrests come after Greater Manchester Police (GMP) was called to reports of a “disturbance” at an address on Kings Road in the Old Trafford area of Manchester at around 7:45pm yesterday evening (Wednesday 31 May), where a 21-year-old victim was found seriously injured.
Despite the best efforts of the first responders, the young man was sadly pronounced dead at the scene, GMP confirmed.
Following the incident, additional police officers have been deployed to the Old Trafford area.
It has now also been confirmed by GMP that two teenage boys have been arrested in connection with this incident – a 15-year-old on suspicion of murder, and a 16-year-old on suspicion of possession of an offensive weapon in the nearby area.
Both remain in custody ahead of questioning.
A murder investigation has now been launched, which GMP says is currently in the “very early stages”, and police are urgently appealing for witnesses to come forward with any information or footage which may assist with this.
“A team of experienced officers will be working throughout the night and over the coming days to understand a timeline of events that will help us piece together what has happened,” explained Detective Superintendent Jane Higham.
“We recognise that incidents of this nature will cause concern in our communities, not just in Old Trafford, but across Greater Manchester, and as a result there will be a visible increase of police officers in the area over the coming days whilst detectives investigate.
“Anyone with any concerns is encouraged to come and speak to us.”
DS Higham is urging anyone who was in the Old Trafford area at the time of the incident yesterday evening, or anyone who has mobile, dashcam, doorbell, or CCTV footage that may be of interest, to contact us GMP as “even the smallest piece of evidence may help with our investigation and provide answers for the young man’s family”.
Anyone with information is asked to contact GMP on 101 quoting log number 3367 31/5/2023.