Nearly half of Meta job cuts were in tech, reorg underway - execs say
The executives said further rounds of job cuts were not expected. But other expenses would have to be cut, they said, noting reviews underway about contractors, real estate, computing infrastructure and various products.
Nov 13, 2022, 21:07 PM IST
Meta fires 13% staff globally: Twitteratis question whether 'recession is coming'
In a letter to Meta employees, Zuckerberg informed about the layoff and the following procedure that will be followed. The move has triggered a wave of response among Netizens who are questioning whether it’s a start of recession.
Nov 09, 2022, 21:10 PM IST
Meta lays off 11,000 employees; Mark Zuckerberg announces THESE compensations for fired staff
As for severance allowance, Meta will pay 16 weeks of base pay plus two additional weeks for every year of service, with no cap. Moreover, the company will cover the cost of healthcare for people and their families for six months.
Nov 09, 2022, 19:53 PM IST
Meta to lay off 11,000 employees globally; Zuckerberg calls it 'some of most difficult changes'
According to the media reports, Zuckerberg in a meeting with senior executives has confirmed to do lay off around 13% of its staff across the different divisions of the company.
Nov 09, 2022, 17:08 PM IST
'No more hiring, more layoff soon in Meta': Mark Zuckerberg says to employees
Zuckerberg mentioned during the last Meta earnings call that "Our plan is to steadily reduce headcount growth over the next year. Many teams are going to shrink so we can shift energy to other areas." In May, Zuckerberg announced a hiring freeze affecting certain segments of Meta.
Sep 30, 2022, 12:01 PM IST
