Leofinance is doing what Meta company cannot

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As a new graduate that has received the pangs of searching for a job, I just hate to hear the word "sack" when the reason for such is not incompetence. Earlier, while reading @thedailyleo submissions, I discovered that one headline has been a recurring discuss in the past 3 days and it is about Meta company's sack of 11,000 workers which represent 13% of its workforce.

If I understand the news well, it means tat 11,000 people just woke up to hear that they have lost their jobs and by extension, 11,000 families just came to the realization that they probably lost their breadwinners. Maybe it is sounding so hard in my ears because of my country where life is so hard and with a growing rate of unemployment.

I found an article that Mark Zuckerberg, CEPO for Meta, Facebook and Whatsapp messaging the sacked workers and justifying the sack. The times are hard and we all know and with the looming news of recession, but this news just sucks.

In another report, Mark Zuckerberg, blames the blames the social media giant’s low revenue leading to the sack on “macroeconomic downturn” and “increased competition” and I asked myself "Is Mark afraid of Competition?" Was competition not supposed to be a part of the deal?


Nov. 9, 2022Mark Zuckerberg, the CEO of Facebook, Instagram and WhatsApp parent company Meta, confirmed the social media company will lay off 13% of its workforce (11,000 employees) on Wednesday, blaming its low revenue on “macroeconomic downturn” and “increased competition”—making it one of the largest rounds of cuts for a major tech company so far this year, following a hiring freeze announced in September. link


But who would be Mark's big competitor? Elon Musk of Twitter or myself who co-owns Hive? My thought also led me to think whether @khaleelkazi of @LeoFinance could be the name behind this competition. Perhaps, with the growth of the Leofinance and Leoverse we can see two social media platforms with opposing outlooks.

I read the last post by Leofinance where it was stated in the second paragraph that Leofinance is expanding their workforce even during this crypto dip while other companies are laying off their workers.


While other companies are consolidating their workforce, we are expanding ours. It's an arduous process but one that will yield massive fruit in the years to come. link


Forgive me if I am not very nice with the presentation of my thumbnail. It was just the best way I could have expressed myself. I stand to be corrected in the comparison but I just can't help.

Mark and Meta CompanyKhal and LeoFinance
- 11,000 workers sacked- More developers employed
- Recession period- Crypto bear
- Apps where users spend money- Apps where users earn money
- Web 2- Web 3

I can say that leofinance is doing what Meta finds difficult but in a similar situation. Why didn't Mark even think of a pay cut rather than sack? Please tell Mark that there is a social media that is still thriving amid this recession and is still employing more.

I am here earning on Hive and in leofinance community even with my microblogs. I had shared some time how my 7 years on Facebook could not match my 7 months on Hive.



Thank you again to all the creators and developers on Hive. Thank you all my teachers here on Hive. Thank you for those who mark my scripts with their upvotes. I am happy to see that I am growing in understanding this environment, but more interesting is that I am paid to to learn on hive.

Thank you all, I love you.

I am @kingswill. Let's meet and greet.


Posted Using LeoFinance Beta



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