Meta Fire : 11,000 Employees from all Platform Facebook, Instagram, Whatsapp
Layoffs At Tech Giant Meta
CEO Of Meta Mark Zukerberge announced in company that wide layoffs impacting 11000 employees from all platforms including facebook, whatsapp and instagram
Letters of Mark Zukerberg on Meta Layoffs
CEO Of Meta Mark Zukerberge wrote a letter His word :, "Today I'm sharing some of the most difficult changes we've made in Meta history. I've decided to reduce the size of our team by about 13 %."
CEO Of Meta Mark Zukerberge wrote a letter His word :, "Today I'm sharing some of the most difficult changes we've made in Meta history. I've decided to reduce the size of our team by about 13 %."
Zukerberge Apologises for meta Firing
to make Meta a Learn firm and inrease effectiveness, Mark Zukerberg declared an employing freeze at Meta That would go on through Q1
Hiring Freeze at Meta
Meta has identified certain high priority growth areas to focus on
Meta's Growth strategy
- AI discovry engine- Ads on Meta platforms- Business platforms- Long-term vision for metaverse
Cost cutting Measures At Meta
- Scalling back budgets- Reducing perks- Lowering real estate footprint- Restructuring teams to increaseefficiency
Severance For Fired Meta Employees
- 16 week of base pay two additional weeks for every year of service- Healthcare coverage for six months- The severance payment norms will likely be the same in the US and other countries including for Meta India employees.
Other Tech Layoffs
Several tech companies like Twitter, Amazon, coinbase, Apple and snap have announced layoffs and hiring freezes recently