Why are the layoffs happening one after the other?

A programmer or coder can write the best code of his life only once, this is the biggest problem in the IT industry. Once a code is written, the employee writing it is technically no longer of use to the company.


After twitter, layoffs in big companies like Meta and now amazon have remained in the headlines of the corporate world. facebook on wednesday laid off about 10 percent of its workforce. The company is calling this an exercise to reduce expenses and this situation is due to the decline in advertising revenue. In September, facebook CEO mark zuckerberg told employees that the social media giant was going to change its plans by laying off employees. Let us tell you that Meta also owns instagram and WhatsApp. facebook has about 87,000 employees, of whom about 10 percent have been laid off. Let us know the reason for the layoffs happening one after the other in the IT industry. Are layoffs going to end in the future or is it going to continue for a long time?



The news of the ouster of employees from Meta comes after massive layoffs at Twitter. After the acquisition of twitter by the world's richest man Elon Musk, almost half of the company's employees have left. Some of those employees have been asked by the company to come back. However, rather than abruptly sacking employees on twitter, Meta has asked employees to leave with advance notice.


It is not only twitter and facebook among the social media companies that are working on reducing their workforce. Online shopping website amazon has also stopped the hiring process. Laying out employees. Some employees associated with the company have confirmed this on social media platforms. Another US-based social media company Snap, which has 363 million daily active users, also laid off 20 percent of its employees in august this year.


As social media users change the way they interact on the platform, companies diversify their products by focusing on new projects. The goal of this exercise of companies is to increase the number of users and rational use of energy and resources. In this episode, a dynamic and interactive platform like Facebook's Metaverse has been announced. For its funding, the company has also taken a tough decision to sack the employees.


Tech companies in the world hire thousands of engineers every year. Everything that we do and see on the Internet is made possible by a code. social media companies need good codes all the time to grow their customer base, and this is the reason why they hire the best programmers and engineers available in the market at high salaries. This is the secret of high-paying jobs in the tech industry.


But this coin also has a negative side. A programmer or coder can write the best code of his life only once, this is the biggest problem in the IT industry. Once a code is written, the person writing it is technically no longer of use to the company, that is, it becomes unnecessary. Ultimately the company has to decide to kick him out. Some researchers have claimed that with the help of neural networks (technologies like blockchain and artificial intelligence) and natural language processing, the need for human coding will be eliminated in the future. With the advent of machines that would be designed to act like humans, the role of humans in the tasks of coding would be greatly reduced.


Tech companies around the world have been facing a huge drop in wallet PLATFORM' target='_blank' title='digital-Latest Updates, Photos, Videos are a click away, CLICK NOW'>digital advertising revenue in the past few months. Advertisers are spending less on promoting their businesses on social media platforms and trying to preserve profits, due to the economic slowdown triggered by the COVID-19 pandemic, the war between russia and Ukraine, and global instability. Silicon Valley giants such as twitter, Meta, Google, Apple, Snap, and microsoft have all seen huge slashes in advertising budgets this year due to inflation-induced cost pressures, economic uncertainty, and market downturns.


The decline in corporate revenue is in contrast to the changing behavior of users who spend more and more time on their screens online after the Covid pandemic, with Covid confining people to the walls of homes. However, this situation did not show any benefit to the balance sheets of the companies.


There is no doubt that news of layoffs at IT companies will continue to come amid continued market uncertainty and fears of a slowdown, however, wallet PLATFORM' target='_blank' title='digital-Latest Updates, Photos, Videos are a click away, CLICK NOW'>digital advertising figures will certainly rise as new products such as Facebook's Metaverse take shape. There will be an improvement and this will put an end to layoffs. Overall, we believe the online advertising environment remains volatile, with weekly fluctuations, JP Morgan analysts said in a note to their clients on october 4

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