15/03/2023
That is something that had to happen one day!!!
When a company dictates its terms with the pseudo impression that it is like a king, ruling in that industry, then gradually it losses its focus on the market dynamics.
In recent times online and the offline market has recently witnessed many ups and downs like a roller coaster drive.
Many offline business models have chosen to promote their products by using online advertising platforms and many online business models have chosen to reach out to their customers by using offline communication strategies.
There are many business models that relied on Facebook Advertising Platforms (Meta), many of which were e-commerce and online education companies, which mushroomed exponentially during the covid-19 era.
Facebook (Meta) expected that after the covid-19 ends, this trend will continue and parked many employees to meet the expected
demand which did not happen. On the contrary, many online education companies stopped promoting their services on Facebook, considering that Facebook is a casual advertising platform and does not cater to seriously interested aspirants.
Some of these online educational companies also realized that again gradually people are weaning away from online education to
offline education and relying more on the Google Ads platform as Google caters to a wide gamut of the world population through its Google Display and Search Ads Network whereas Facebook has its own limitations.
The very faulty algorithm of Meta is also one of the factors that made many advertisers lose their faith in the Facebook Advertising Platform (Meta for Business), which abruptly blocks many domains
without any justifications and does not address the issue. In fact, there is no customer redressal platform on meta.
Because of the arrogant culture of meta and its leadership style, many heavy penalties have been imposed on this company by many governments in the past.
The fresh layoff is in addition to the 11,000 employees or 13% of its global workforce Meta had sacked in November last year in a bid to cut costs.