Meta (Facebook) announced it would lay off 11,000 employees, or 13% of its total workforce, after financial results continued to weaken and the company’s market value fell more than 70% in the past year.
Facebook is hiring, increasing its workforce by 27,000 in 2020 and 2021 and by 15,000 in the first nine months of 2022. Now, for the first time, he announces mass layoffs.
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Facebook has a market capitalization of $255 billion and in September 2021 it was over $1 trillion.
How the number of Facebook employees (Meta) changed – data from statista.com
2005: 15
2008: 850
2010: 2100
2013: 6300
2015: 12,700
2018: 35,500
2020: 58,000
2021: 71,900
2022: 87,000 (September)
How the capitalization of Facebook grew and fell (in dollars), according to ycharts.com
May 2012: 71 billion
March 2014: 163 billion
September 2015: 260 billion
June 2017: 400 billion
October 2017: 500 billion
July 2018: 600 billion
December 2018: 384 billion
March 2020: 426 billion
August 2020: 836 billion
January 2021: 715 billion
September 2021: 1080 billion
February 2022: 574 billion
June 2002: $443 billion
September 2022: $367 billion
November 2022: $235 billion
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Source: Hot News RO
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