• Twitter Musk warns of a massive drop in advertisers the day he fires half the workforce

Meta, the company that

owns Facebook, WhatsApp and Instagram

, is carrying out a massive layoff plan that will notify thousands of its workers on Wednesday, the

Wall Street Journal

has learned .

The mass layoff at

the tech giant, which has more than 87,000 employees

, could be the biggest job cut in the sector following the industry's growth during and after the COVID-19 pandemic.

This decision comes shortly after

Meta officials asked employees to cancel non-essential travel

starting this week, citing fears that rising inflation could push the economy into recession. according to the aforementioned newspaper.

The company's CEO,

Mark Zuckerberg, recently said the company would focus on investing in "a small number of high-priority growth areas

. "

These layoffs are added to those of Twitter after its acquisition by the South African tycoon

Elon Musk, who ordered 50 percent of the workforce

to be laid off, thus dismissing thousands of people in its different delegations around the world.

The billionaire has decided to eliminate half of Twitter's staff, assuring that

"there is no other option when the company is losing more than four million dollars (a similar figure in euros) per day"

.

In this way, he has thus fulfilled his plans to cut the costs of the social media platform that he acquired for 44,000 million dollars.

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