Meta aka. Facebook announced they are cutting off 13% or 11,000 of their workforce worldwide.
While interacting with the media today in Bradford, Ontario's Premier Doug Ford was asked about his reaction to this news and previous announcement in March on Meta's 2500 jobs in Toronto for the Engineering hub.
Premier Ford said, "I think Facebook will continue to grow...and the tax sector in Ontario is second to none. We are seeing jobs come in by the droves every single day because we have created a climate and conditions for companies to come here and thrive, prosper and grow. In two big sectors, the automotive sector and the Tech sector, we see growing every day, and we are right behind Silicon valley", as his sources and staff updated him.
He further asserts that students who graduate in Canada-Ontario used to join the big companies in Silicon valley after their studies are done. Now they are choosing to stay in Ontario as the massive investments by other companies and startup companies grow. He says we are a global economy, and we are going to remain competitive. The climate is perfect for investing here in Ontario.
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