Science and Technology Morning News | Meta will cut more than 11000 employees TikTok's global revenue target this year by 2 billion dollars

Meta will cut more than 11000 employees, and will freeze recruitment until the first quarter of next year when Facebook's parent company Meta announced on November 9 that it will cut 13% of its employees, that is, more than 11000 employees.
This is one of the biggest layoffs in technology companies this year, and the first in Meta's 18 year history.
Meta said that as part of the severance package, it would pay 16 weeks of basic salary, plus two additional weeks of salary for each year of service, and pay all remaining paid leave.
Meta will pay for health care for employees and their families for six months.
Meta said in its announcement that it still predicted the fourth quarter revenue of $30 billion to $32.5 billion.
It is expected that the operating loss of Reality Labs in 2023 will increase significantly year on year.
Zuckerberg said in his letter to employees that Meta is now seriously underestimated as a company, and its core business is "one of the most profitable businesses in history", with huge potential in the future.
Zhengzhou Foxconn plans to arrange external personnel to return home and replace closed-loop management staff.
On November 9, according to media reports, many employees of Zhengzhou Foxconn said that Foxconn is counting the attendance intentions of employees who actually live in Zhangzhuang, Binhe and Zhenggang and have negative nucleic acid tests for 4 consecutive days.
On the 10th, vehicles will be arranged to pick up the willing employees on duty "point-to-point", and they will be observed in the transformed dormitories of Gangcheng, Huahong, Xinrong, Yuhong, Tiancheng, etc.
for three days.
If the nucleic acid detection structure is negative every day, they will return to work.
In addition, in order to prevent communication risks, the attendance staff currently under closed-loop management will observe silently for 5 days from this Sunday.
It is reported that TikTok's global revenue target for this year has been cut by at least $2 billion.
On November 9, the Financial Times reported that TikTok had cut its global revenue target for 2022 by at least $2 billion.
According to the sources, TikTok CEO Zhou Shou said at a staff meeting in late September that he had cut the revenue target for this year by 20%.
TikTok had previously estimated that this year's revenue would be between 12 billion and 14.5 billion dollars, but now it has been adjusted to nearly 10 billion dollars.
The source also revealed that TikTok employees were accused of failing to promote the revenue growth of its advertising business and e-commerce business.
TSMC plans to build another large chip factory in the United States with an investment scale of nearly $12 billion.
On November 9, foreign media quoted insiders as saying that TSMC plans to announce a new cutting-edge semiconductor factory in the north of Phoenix, Arizona, in the next few months, adjacent to the $12 billion comprehensive factory announced to be built in 2020.
The investment scale is reported to be roughly the same as the previous project.
According to the report, TSMC plans to build a new factory that will produce in a 3 nanometer process.
TSMC said a few days ago that it would hold the first entry ceremony for its comprehensive plant in Arizona in December, and install the first batch of production equipment for the plant.
The comprehensive plant will produce in a 5-nanometer process.
According to insiders, TSMC is now preparing to turn the plant to 4-nanometer process production and expand its capacity, which is expected to start large-scale production in 2024.
It is said that Samsung plans to become more and more