Lay off employees: This company has asked the managers to announce the layoffs on Wednesday. Under this, the employees working in this company are going to be retrenched. The company has already announced layoffs to cut costs and this is also part of the same.
Facebook’s parent company Meta is once again preparing for major layoffs. This time the effect of retrenchment is going to be visible on all the three platforms Facebook, WhatsApp and Instagram. According to Bloomberg’s report, the announcement of this retrenchment is going to happen on Wednesday. According to the report, Meta is restructuring its teams. Along with this, layoffs are being done keeping in mind the goal of more efficiency of founder Mark Zuckerberg.
layoffs will be announced today
Meta has asked the company’s managers to announce the layoffs on Wednesday. Under this, the employees working in Facebook, WhatsApp, Instagram and Reality Lab are going to be retrenched. The company has done layoffs in the past to cut costs and this is also a part of that. 10,000 employees are going to lose their jobs in this round of layoffs, which was announced by Mark Zuckerberg in March. Apart from this, there is a possibility of another round of layoffs in May.
13 percent of the employees have been retrenched
Meta already cut about 13% of its workforce, or about 11,000 jobs, in November. Apart from this, the company had also stopped hiring in the first quarter for cost cutting. According to Zuckerberg’s comments, the company wants to downsize while shuffling its team.
With this, the company aims to re-balance the ratio of technologists and engineers to business and administrative staff. A message sent to managers indicated that teams would be re-organized and individual remaining employees would be reassigned to work under new managers.
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