15, and annual bonuses hit in March - both of which could be factors in workers’ potential decisions to leave, according to another person familiar with the company’s plans. He added that based on his life experience, transitioning to a four-day work week all the time would not be productive.įacebook employees, like many in the technology industry, tend to be heavily compensated via shares. He also encouraged exhausted employees to use their vacation days. The social media giant is thinking of extending existing three-day holiday weekends, Zuckerberg said, responding to a question on burnout. Meta is already talking about ways to retain staff amid the stock rout. His red, teary eyes were the result of a scratched cornea, the Facebook founder said Thursday, rallying employees as Meta Platforms Inc.’s stock price lost more than a quarter of its value. Zuckerberg’s own wealth dropped by $31 billion. Mark Zuckerberg quipped that if he started to cry, it wasn’t because of the day’s news. 10,000 U.S.-based employees in order to speed up its restructuring efforts.
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Others fretted about what a continued decline might mean for their net worth, according to people familiar with the matter. 24 NEWSINDIISTIIY Users Await Rewrite of BMC's Core Product Vendor faltered. 5:46 AM EDT Updated at 3:26 pm EST Meta Platforms ( META) - Get Free Report shares look set for their biggest single-day decline in nearly nine months after the social media group.
Some were discussing buying shares during the dip, believing in Zuckerberg’s long-term vision for the metaverse, an immersive version of the internet. Facebook lost a record $251 billion of value in a single day. Meta’s Instagram app has a copycat of TikTok called Reels, which the company is now prioritizing.Įmployees were glued to the stock price. Zuckerberg echoed his remarks of a day earlier to investors, telling employees that the social networking giant faced an “unprecedented level of competition," with the rise of TikTok, the rival viral-video platform.
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