Zuckerberg said the layoffs will result in a stronger, more nimble operation that creates better products and ships them faster, according to The New York Times, sourcing “two people who attended the meeting.” Zuckerberg’s remarks of approximately a half-hour were made before thousands of employees at the company’s Menlo Park, California campus and live-streamed globally to tens of thousands more. In a discussion that has been reported as an effort to help bolster staff morale during this challenging period, Zuckerberg explained his strategy regarding job cuts, offered insight on the tech giant’s approach to artificial intelligence, and took a swipe at Apple’s upcoming Vision Pro mixed reality headset while talking about his goals for VR and the metaverse. USA, New York, New York, San Francisco, CaliforniaĬo-founders Palmer Luckey and Brendan Iribe, Engineer Chris Dycus, and CTO John D.Following nine months of difficult repositioning that included layoffs and consolidation as Meta Platforms segued to its “year of efficiency,” CEO Mark Zuckerberg recently shared his plans for the company’s future with employees at an all-hands meeting. Koen Bok, Dirk Stoop, Jasper Hauser, Hugo van Heuven, Jorn van Dijkīryan O’Sullivan and Bethanye McKinney BlountĬo-founders Mike Matas and Kimon Tsinterisįounder and CEO Charles Jolley, other Strobe employeesĪvichal Garg, Curtis Spencer, Six employees Jonathan Perlow, Lucy Zhang, Ben Davenport Saadiq Rodgers-King, Justin Shaffer, 6 others USA, Mountain View, California / Malaysia, Kuala LumpurĬharles Lin, Carl Sjogreen, Adrian Graham Paul Buchheit, Bret Taylor, Jim Norris, Sanjeev Singh, 8 others While continuing with a pattern of primarily talent acquisitions, other notable product focused acquisitions include the $19 billion WhatsApp acquisition and the $2 billion Oculus VR acquisition. One of the ways to do this is to focus on acquiring great companies with great founders." The Instagram acquisition, announced on April 9, 2012, appears to have been the first exception to this pattern. In order to have a really entrepreneurial culture one of the key things is to make sure we're recruiting the best people. We buy companies to get excellent people. He stated in 2010 that "We have not once bought a company for the company. In 2009, Meta (as Facebook) CEO Mark Zuckerberg posted a question on Quora, titled "What startups would be good acquisitions for Facebook?", receiving 79 answers. Most of Meta's acquisitions have primarily been " talent acquisitions" and acquired products are often shut-down. Meta has also made investments in Luck圜al and Wildfire Interactive. The majority of the companies acquired by Meta are based in the United States, and in turn, a large percentage of these companies are based in or around the San Francisco Bay Area. Meta also purchased the defunct company ConnectU in a court settlement and acquired intellectual property formerly held by rival Friendster. The WhatsApp acquisition closed at a steep $16 billion more than $40 per user of the platform. Meta Platforms (formerly Facebook, Inc.) is a technology company that has acquired 91 other companies, including WhatsApp.
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