According to information shared by The Wall Street Journal, Goal intends to cut expenses by 10% with a silent strategy that aims to reduce its workforce.
What is this silent Meta strategy about?
This silent strategy, disguised as “department reorganization” will give affected employees 30 days to apply for other positions within Goal. If none are found, the employees must permanently withdraw from the company.
It should be noted that this practice is already common in the parent company of FacebookHowever, it was only applied to employees who registered poor performance. Now this practice will impact more workers and their performance or reputation will not matter.
This was something that was expected, since the situation of Goal It hasn’t been good in the last few months. If you remember, Mark Zuckerberg announced in May that he would freeze the hiring of new talent to face the slow growth of income, which was affected by the new privacy policies of Manzana.
Also, Goal posted its first annual revenue decline in July, at which time Zuckerberg announced:
“Our plan is to reduce sustained growth of the workforce over the next year. Many teams are going to be reduced so that we can transfer that energy to other areas within the company”
What does the metaverse have to do with all this?
Some experts believe that the new approach to Goal with the metaverse has not been at all beneficial in the development of the company, since it cost billions of dollars.
Just to mention a few examples, the virtual reality division of Facebook It has lost almost 20,000 million dollars since 2020, and in the first quarter of 2022 there was a loss of 2,960 million dollars in Reality Labs.
In addition, it is also known that since the beginning of this year, many employees were forced to apply for other jobs within Goal to contribute to the development of virtual reality and augmented reality solutions. This caused employees to leave the company and look for other job opportunities.