New Delhi. Facebook’s parent company Meta Inc may once again see a tsunami of layoffs. This time the sword hangs over about 10,000 employees working in different divisions of the company. The new round of Layoff is expected to start this week. If reports are to be believed, preparations have been made to inform the employees in this regard today itself. Other employees including Meta-led Facebook (Facebook), Instagram (Instagram) and WhatsApp (Whatsapp) are going to be affected by this.
Layoffs can be seen this week The phase of layoffs in big companies which started in the year 2022, is still going on continuously amidst the shadow of the growing recession on the world. From Twitter, Google, Microsoft, Amazon to Meta, the world witnessed major layoffs in the last few months and the pain of the employees fired from these giants was discussed on social media.
Facebook had shown the way out to 11,000 employees working in the company in November 2022 in the first major layoff since its launch. According to the reports of Bloomberg and Vox, once again the sword of danger is hanging over 10,000 employees and they may be ordered to leave the job this week.
information to managers In its report released in this regard, Bloomberg has quoted the documents as saying that managers may be informed to make an announcement related to the layoffs on Wednesday. The job cuts could affect employees employed at Facebook, WhatsApp, Instagram and Reality Labs. According to the report, memos sent to the managers indicate that preparations are being made to reorganize the teams. The document also said that Meta will ask all North American employees who can work from home on Wednesday. The move by Meta is being seen as part of cost-cutting.
Management said – these difficult times Another report by The Vox quoted the memo as saying that “this will be a difficult time, as we say goodbye to friends and colleagues who have contributed so much to Meta,” according to Lori Goler, Meta’s head of people. have contributed.’ Please tell here that the company has kept the hiring freeze during the first quarter. Significantly, the indication of this major layoff was already found in Meta CEO Mark Zuckerberg’s ‘Year of Efficiency’ post. In this post, he said that we expect to announce restructuring and layoffs in our technical groups in late April and again in our business groups in late May.
11,000 employees were fired last year Meta had fired 11,000 employees last year in November 2022 itself, battling the reduction in revenue and advertising. This information was given by Mark Zuckerberg himself. The company had asked to lay off employees citing cost overruns. According to reports, Meta had given an additional salary of four months to those who were fired from the company at that time. Not only Meta, Twitter and Amazon have also fired a large number of people. Whereas, names like Google, Microsoft have also been added to the companies making big layoffs.
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