After mass layoffs, Meta should depart the workplace the place he began the operation in Brazil

The company must leave the Infinity Tower, in the Itaim neighborhood, in São Paulo, and allocate activities only in the B32 building, located on Avenida Faria Lima

After days of expectations, the Goal (GOAL), holding owner of Facebook, Instagram and WhatsApp, announced the dismissal of 11 thousand employees. The number equates to 13% of its workforce.

With such cost cutting, the effects of belt-tightening have already reached the company’s operations in Brazil. According to sources consulted by EXAME, Mark Zuckerberg’s company should leave the Infinity Tower, a building in the Itaim neighborhood of São Paulo, home to Meta since 2012, and which also houses the offices of Apple, Credit Suisse, Goldman Sachs and Bloomberg.

With the change, Meta will only have the offices of the B32 building, located on Avenida Faria Lima, also in the Itaim neighborhood, and in which it has been since 2022.

In a note to EXAME, a Meta representative said that the departure from the former office is not related to today’s dismissals and that the departure was reported at the end of October. Furthermore, it is part of a global movement to optimize the occupancy of our offices.

“To support this evolution, we announced in October that we are implementing shared work desks, allowing people more flexibility while reinvigorating our work environment. And in order to maintain efficient use of spaces, since October we have also been optimizing the occupancy of our offices in some locations, including São Paulo,” said the spokesperson.

Big techs step on the brakes

With technology executives increasingly pessimistic about the economy, the industry laid off 9,587 jobs in October, the highest monthly number since November 2020, according to consultancy Challenger, Gray & Christmas.

Challenger accounts for announced or confirmed job cuts by telecommunications, electronics, hardware manufacturing and software development companies.

The second quarter of 2020 is still the worst three-month period for layoffs since the start of the pandemic, but year-to-date, 2022 is already worse, according to Roger Lee of Layoffs.fyi.

More than 104,000 startup workers have lost their jobs so far this year, compared to around 81,000 jobs lost in 2020.

Layoffs.fyi’s estimates differ from Challenger’s because they include numbers from media reports that companies may not have confirmed.

Source: Exam