Meta Layoffs: Career Support, Severance Pay, Insurance That 11,000 Sacked Employees Will Get
2 years, 2 months ago

Meta Layoffs: Career Support, Severance Pay, Insurance That 11,000 Sacked Employees Will Get

News 18  

Even as Meta Platforms, the parent entity of social media platform Facebook, has laid off 11,000 employees or 13 per cent of its total workforce, the question arises about the future of the sacked employees. “After that, every affected employee will have the opportunity to speak with someone to get their questions answered and join information sessions.” What Employees Will Be Getting Severance Package: Meta will be pay 16 weeks of base pay and two additional weeks for every year of service, with no cap. Career Services: The Meta CEO also said the firm will also provide three months of career support with an external vendor, including early access to unpublished job leads. The staff reductions, part of the first major budget cut since the founding of Facebook in 2004, reflect a sharp slowdown in digital advertising revenue, an economy wobbling on the brink of recession and Zuckerberg’s heavy investment in a speculative virtual-reality push called the metaverse.

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History of this topic

Meta India's legal director, marketing director and other top executives asked to leave
1 year, 7 months ago

Meta India's legal director, marketing director and other top executives asked to leave

India Today  

Meta, the parent company of Facebook, has recently carried out its third round of layoffs, which impacted close to 6,000 employees worldwide. Some of the top executives in India including Avinash Pant, the director of marketing for India, Saket Jha Saurabh, the director of media partnerships, and Amrita Mukherjee, the director of legal at Meta India were reportedly asked to …

Meta starts firing people in latest round of layoffs, 5000 people terminated, Indian employees let go too
1 year, 7 months ago

Meta starts firing people in latest round of layoffs, 5000 people terminated, Indian employees let go too

Firstpost  

Meta has reportedly started another round phase of layoffs According to insider sources and reports on LinkedIn. Also read: Tech Layoffs: Meta to layoff 6,000 more workers next week, dark times for platform continues More people to be laid off While the exact number of job cuts remains undisclosed, Reports from last week suggest that Meta is planning to lay …

Facebook owner Meta starts final round of layoffs
1 year, 7 months ago

Facebook owner Meta starts final round of layoffs

The Hindu  

Meta Platforms Inc. carried out the last batch of a three-part round of layoffs on Wednesday, according to a person familiar with the matter, as part of a plan announced in March to eliminate 10,000 roles. Meta earlier this year became the first Big Tech company to announce a second round of mass layoffs, after showing more than 11,000 employees …

Meta layoffs hits India as top executives were asked to leave
1 year, 7 months ago

Meta layoffs hits India as top executives were asked to leave

India TV News  

Several employees in India, including senior executives, were affected by Meta's third round of job cuts, which impacted a total of 6,000 employees worldwide. Meta recently conducted a fresh round of job cuts that impacted employees across various levels globally, including teams in India. It is worth noting that previous rounds of layoffs at Meta also affected teams in India …

Meta Layoff confirmed: Around 6,000 people to lose their job
1 year, 7 months ago

Meta Layoff confirmed: Around 6,000 people to lose their job

India TV News  

Meta carried out a recent wave of layoffs, which was expected to affect approximately 6,000 employees worldwide. In March, Meta Founder and CEO Mark Zuckerberg announced that the company would undergo two rounds of layoffs, scheduled for late April and late May, resulting in a total reduction of 10,000 jobs. Via Facebook post, Zuckerberg said overall, "we expect to reduce …

Facebook owner Meta starts final round of layoffs
1 year, 7 months ago

Facebook owner Meta starts final round of layoffs

Live Mint  

Meta Platforms Inc on Wednesday started a fresh round of layoffs, as part of its plan to cut 10,000 jobs across all its platforms- WhatsApp, Instagram, and Facebook. In March, Mark Zuckerberg, the Chief Executive of Meta, stated that the majority of the company's layoffs in the second round would occur in three distinct phases spanning several months, with the …

Job Cuts Continue At Meta, Company May Fire 6,000 Employees Next Week
1 year, 7 months ago

Job Cuts Continue At Meta, Company May Fire 6,000 Employees Next Week

ABP News  

Facebook parent Meta isn't done with job cuts and it is likely to fire 6,000 more employees next week, media reports say. According to Nick Clegg, the firm's President of Global Affairs, the third wave of job cuts at Meta will happen next week, says a report by Vox. Earlier in March, Meta CEO Mark Zuckerberg announced that the company …

Ex-Meta employee says was not prepared for ‘emotional rollercoaster’
1 year, 8 months ago

Ex-Meta employee says was not prepared for ‘emotional rollercoaster’

Hindustan Times  

A now-former Meta employee who get laid off in the company's second round of layoffs, which it announced last month, has said he has been through an ‘emotional rollercoaster’ since being notified he was being let go. Meta has laid off more than 20,000 workers across two recent layoff drives Chris Bowler, who joined Meta Platforms in August 2021, took …

Meta layoff: Most staffers who combat misinformation lost their jobs
1 year, 8 months ago

Meta layoff: Most staffers who combat misinformation lost their jobs

India TV News  

Meta has almost wiped out its team dedicated to combating misinformation, as part of the latest round of mass layoffs which began earlier this week. Meta kicked off a fresh round of layoffs this week, handing over pink slips to employees with technical backgrounds globally. In March, Meta CEO Mark Zuckerberg announced that the company would cut 10,000 jobs in …

Tech Layoffs: Meta starts laying people off again, this time from core engineering teams
1 year, 8 months ago

Tech Layoffs: Meta starts laying people off again, this time from core engineering teams

Firstpost  

Meta Platforms Inc, the owner of Facebook, Instagram and WhatsApp has laid off another batch of workers on Wednesday, this time affecting some core engineering and adjacent tech teams, as CEO Mark Zuckerberg continued to simplify the firm in an effort to make 2023 a “year of efficiency." Meta was the first Big Tech business to announce a second round …

Meta begins next round of firings; cuts technical team employees
1 year, 8 months ago

Meta begins next round of firings; cuts technical team employees

The Hindu  

Meta began its latest round of layoffs as it restructures to make 2023 a “year of efficiency,” in the words of its chief. In a blog post published on March 14, CEO Mark Zuckerberg had said that more job cuts would take place in 2023, specifically in late April and late May. The cuts in late April would affect technical …

Meta prepares for next round of layoffs, report says
1 year, 8 months ago

Meta prepares for next round of layoffs, report says

The Hindu  

Facebook-parent Meta is preparing to lay off more workers in an upcoming round of cuts, according to a report by Vox, citing an internal company memo. The layoffs may begin as soon as Wednesday, and are expected to be wide-ranging, affecting employees working on Facebook, Instagram, Reality Labs, and WhatsApp. The social media company fired over 10,000 employees last year …

Facebook-Parent Meta To Lay Off 10,000 Employees: Report
1 year, 8 months ago

Facebook-Parent Meta To Lay Off 10,000 Employees: Report

ABP News  

Meta Platforms, the parent company of social media giants such as Facebook and Instagram, is gearing up for another round of companywide layoffs as it works to achieve greater efficiency. The company has announced plans to cut 10,000 positions across its various brands, including Facebook, WhatsApp, Instagram, and Reality Labs, the arm of the company responsible for virtual reality efforts …

Meta prepares fresh round of layoffs beginning today, to cut around 4,000 high-skilled jobs
1 year, 8 months ago

Meta prepares fresh round of layoffs beginning today, to cut around 4,000 high-skilled jobs

India TV News  

Meta layoffs: Meta is set to begin yet another round of mass layoffs across Facebook, Instagram and WhatsApp as the company move forward towards Mark Zuckerberg's goal of achieving greater efficiency. In the fresh round of layoffs, around 4,000 high-skilled employees could be impacted, beginning Wednesday. In an internal memo seen by The Washington Post, Meta said that "the company …

Meta starts cutting jobs, fires over 1,500 employees in HR and other departments
1 year, 9 months ago

Meta starts cutting jobs, fires over 1,500 employees in HR and other departments

India Today  

Meta has just announced the layoff of 10,000 employees and it has now begun the process. The same source also reported that Meta could take a few more years to finish restructuring the company, which means that more employees could get removed in the coming time. Now in an email sent to employees, Meta’s CEO Mark Zuckerberg has stated that …

Meta to lay off 10,000 employees in second round of job cuts
1 year, 9 months ago

Meta to lay off 10,000 employees in second round of job cuts

Firstpost  

California: Facebook-parent Meta Platforms said on Tuesday it would cut 10,000 jobs, just four months after it let go 11,000 employees, the first Big Tech company to announce a second round of mass layoffs. “We expect to reduce our team size by around 10,000 people and to close around 5,000 additional open roles that we haven’t yet hired,” Chief Executive …

Facebook-parent Meta to lay off 10,000 employees in second round of job cuts
1 year, 9 months ago

Facebook-parent Meta to lay off 10,000 employees in second round of job cuts

The Hindu  

Facebook-parent Meta Platforms said on March 14, 2023 it would cut 10,000 jobs, just four months after it let go 11,000 employees, the first Big Tech company to announce a second round of mass layoffs. "We expect to reduce our team size by around 10,000 people and to close around 5,000 additional open roles that we haven’t yet hired," Chief …

Meta to fire 11,000 more employees in upcoming days, these jobs are at risk
1 year, 9 months ago

Meta to fire 11,000 more employees in upcoming days, these jobs are at risk

India Today  

At the start of this year, big tech giants like Google and Microsoft announced layoffs and fired thousands of employees across the globe. Reports suggest that Meta is again planning a fresh round of layoffs and is expected to sack as many employees as it fired in the first round, which is around 11,000 employees. Well, after announcing the layoffs …

Facebook owner Meta to cut 10,000 jobs in second round of layoffs
1 year, 9 months ago

Facebook owner Meta to cut 10,000 jobs in second round of layoffs

Al Jazeera  

Meta is slashing jobs in a bid to recover from losses and invest in the ‘metaverse’. Meta Platforms has announced it will slash a further 10,000 jobs in a second round of mass layoffs as the Big Tech industry braces for a deep economic downturn. Worries of an economic downturn due to rising interest rates have sparked a series of …

‘The next AOL?’: Meta’s massive layoffs raise questions about Zuckerberg’s strategy as company morale sinks
1 year, 9 months ago

‘The next AOL?’: Meta’s massive layoffs raise questions about Zuckerberg’s strategy as company morale sinks

CNN  

New York CNN — “A challenging period.” That’s how Mark Zuckerberg described in a memo what the near future will be like for Meta employees after he announced the once-impervious social media company will cut another 10,000 jobs in the months ahead. “At this point, I think we should prepare ourselves for the possibility that this new economic reality will …

'Didn't Know Timeline Will Be This Short': Employee Laid Off By Meta Shares Ordeal
1 year, 9 months ago

'Didn't Know Timeline Will Be This Short': Employee Laid Off By Meta Shares Ordeal

ABP News  

The layoff season in the IT sector is far from done. According to Bloomberg, Meta Platforms Inc, the parent company of Facebook and Instagram, is contemplating a new wave of layoffs that would affect thousands of employees. In a lengthy post, the ex-employee named Sutha Sehgar explained how she "did not know that the timeline would be this short". According …

More Meta employees to lose jobs in the coming weeks, non-engineering roles to be impacted
1 year, 9 months ago

More Meta employees to lose jobs in the coming weeks, non-engineering roles to be impacted

India Today  

The layoff season is not over yet for the Facebook-owned social media company Meta. As per the Wall Street Journal report, the upcoming layoffs could match the 13 per cent job cut tally from last year. The Wall Street Journal reports that the layoffs will be announced in multiple rounds and will be about the same size as the 13 …

Laid off by Meta, HR staffer lands new job in 3 months. She explains how
1 year, 10 months ago

Laid off by Meta, HR staffer lands new job in 3 months. She explains how

Hindustan Times  

An HR professional who is among 11,000 employees laid off by Meta in November last year, has announced she has already found a new job. Lorena Diaz Alvarez, who says she joined the tech giant just nine months prior to being laid off, revealed in a LinkedIn post she will join her new workplace on March 15, a day after …

Latest layoffs at Meta driven by financial targets, not ’flattening’
1 year, 10 months ago

Latest layoffs at Meta driven by financial targets, not ’flattening’

Live Mint  

In a fresh round of layoffs, Meta Platforms Inc is planning to layoff thousands as soon as this week, Bloomberg News reported on Monday. The new round of job cuts is being driven by financial targets and is separate from the "flattening," the report said, citing people familiar with the matter. Although Meta declined to comment at that time, spokesperson …

Meta plans to cut thousands of jobs as soon as this week
1 year, 10 months ago

Meta plans to cut thousands of jobs as soon as this week

Deccan Chronicle  

Meta Platforms Inc., the owner of Facebook and Instagram, is planning a fresh round of layoffs and will cut thousands of employees as soon as this week, according to people familiar with the matter. The imminent round of cuts is being driven by financial targets and is separate from the “flattening,” said the people, who asked not to be identified …

Meta Plans To Lay Off Thousands Of Employees This Week To Meet Financial Targets: Report
1 year, 10 months ago

Meta Plans To Lay Off Thousands Of Employees This Week To Meet Financial Targets: Report

ABP News  

Owner of Facebook and Instagram, Meta Platforms Inc, is planning another round of fresh layoffs, citing a people familiar with the development told news agency Bloomberg. According to the report, the social media giant has also been working to flatten its organisation, giving buyout packages to managers and cutting whole teams it deems nonessential, Bloomberg reported in February, a move …

Meta plans to cut thousands of jobs this week in fresh round of layoffs: Report
1 year, 10 months ago

Meta plans to cut thousands of jobs this week in fresh round of layoffs: Report

Hindustan Times  

Meta Platforms Inc., the owner of Facebook and Instagram, is planning a fresh round of layoffs and will cut thousands of employees as soon as this week, according to people familiar with the matter. The imminent round of cuts is being driven by financial targets and is separate from the “flattening,” said the people, who asked not to be identified …

Meta plans to sack 1,000 more employees this week: Report
1 year, 10 months ago

Meta plans to sack 1,000 more employees this week: Report

Live Mint  

Meta Platforms Inc is planning to cut thousands more jobs as soon as this week in its fresh round of layoffs, Bloomberg News reported on Monday, citing people familiar with the matter. The company has also been working to flatten its organization, giving buyout packages to managers and cutting whole teams it deems nonessential, Bloomberg News reported in February, a …

Meta likely to layoff more workers in the coming week
1 year, 10 months ago

Meta likely to layoff more workers in the coming week

India Today  

The layoff season is not over in Meta yet. Meta has given "subpar ratings" to thousands of employees during its latest performance review, which hints at more layoffs in the coming months. Previously, managers at Meta gave around 10 per cent of employees a rating of "meets most", which is the second-lowest rating at the company. The Wall Street Journal …

Second wave of layoffs in Meta
1 year, 10 months ago

Second wave of layoffs in Meta

India TV News  

After laying off more than 11,000 employees making nearly 13% of its workforce, Meta, the parent company of Facebook, plans to make additional cuts with another wave of layoffs. Image Source : FREEPIKJob Loss The company also plans to push certain executives to lower-level roles without direct reports. By reassigning some leaders to lower-level jobs without direct responsibility, Meta hopes …

Facebook-Parent Meta Plans More Layoffs After Firing 11,000 Employees: Report
1 year, 10 months ago

Facebook-Parent Meta Plans More Layoffs After Firing 11,000 Employees: Report

ABP News  

Meta Platforms Inc, the parent firm of Facebook, is planning another fresh round of job cuts in bid to reorganise and downsize. Meta last year said it will let go of 13 per cent of its workforce, or more than 11,000 employees, as it grappled with soaring costs and a weak advertising market. According to the Reuters’ report, Meta plans …

Meta gives ‘subpar’ rating to 7,000 employees, says report. More layoffs coming?
1 year, 10 months ago

Meta gives ‘subpar’ rating to 7,000 employees, says report. More layoffs coming?

Hindustan Times  

According to a report, thousands of Meta employees have received poor performance reviews from the company, raising fears that the tech giant may come up with a fresh round of layoffs, after it handed pink slips to around 11,000 workers in November last year. Representational Image Approximately 7,000 employees were ranked ‘subpar’ by Meta in a recent round of performance …

Meta team budgets on standby as company braces for more layoffs
1 year, 10 months ago

Meta team budgets on standby as company braces for more layoffs

The Hindu  

Facebook parent Meta has hit pause on finalising several team budgets as it prepares for a new round of layoffs after slashing over 11,000 jobs in November 2022, according to the Financial Times on Saturday. Like other Big Tech companies such as Amazon, Microsoft, and Google that also fired staff, the Instagram and WhatsApp owner cut its workforce by 13% …

Another round of Meta layoffs soon? Mark Zuckerberg questions manager roles
1 year, 11 months ago

Another round of Meta layoffs soon? Mark Zuckerberg questions manager roles

Live Mint  

Is Facebook and Instagram owned Meta planning another round of layoffs? Its founder and CEO Mark Zuckerberg's recent comments on managers has raised eyebrows and apprehensions of phase 2 of pink slips coming soon. After laying off 11,000 employees from his company Zuckerberg still thinks many layers of management are a waste of resource and the managers who build big …

Zuckerberg's Meta gearing up for more layoffs? This report suggests so
1 year, 11 months ago

Zuckerberg's Meta gearing up for more layoffs? This report suggests so

Hindustan Times  

Meta CEO Mark Zuckerberg has reportedly announced that he is not in favour of “managers managing managers, managing managers, managing managers, managing the people who are doing the work”. According to the weekly newsletter Command Line from The Verge’s Alex Heath, Zuckerberg hinted at more layoffs in middle management during an internal Q&A meeting last week. Earlier in January, the …

Meta fires woman who was on her maternity leave
2 years, 1 month ago

Meta fires woman who was on her maternity leave

India Today  

In yet another blow to the tech industry, Meta announced that it is laying off close to 11,000 employees across the globe. Out of the 11,000 impacted employees, there was a woman who was on her maternity leave when she came to know about the layoffs. Anneka Patel, who worked as communications manager at Meta, said that she had woken …

The Reason for Meta’s Massive Layoffs? Ghosts in the Machine
55 years ago

The Reason for Meta’s Massive Layoffs? Ghosts in the Machine

Wired  

Remember Libra, Meta’s ambitious plan to enter the cryptocurrency market? Alongside projects like Shops, Meta’s ambitious plan to turn Instagram and Facebook into e-ommerce giants; its podcast plans; Facebook Portal and a Meta smartwatch to compete with the Apple Watch, they all failed. “Today’s news isn’t only a correction of the pandemic years,” says one former Meta employee with knowledge …

Why Zuckerberg's Meta Has Sacked 11k Employees & What Will Happen to Indian Workers Now
2 years, 2 months ago

Why Zuckerberg's Meta Has Sacked 11k Employees & What Will Happen to Indian Workers Now

News 18  

Facebook parent Meta is laying off 11,000 employees, or about 13% of its workforce, as it deals with declining revenue and broader tech industry woes, according to CEO Mark Zuckerberg in a letter to employees sent out Wednesday. Facebook Losing Young Users, Apple’s Privacy Policies In recent months, Meta has experienced uncertainty about the company’s future as its flagship platform …

'16 weeks of base pay...': Zuckerberg's announcements for fired Meta employees
2 years, 2 months ago

'16 weeks of base pay...': Zuckerberg's announcements for fired Meta employees

Hindustan Times  

Meta has decided to cut down its workforce by 13% laying off more than 11,000 employees, one of the biggest in recent times and being the first in Meta's 18-year history. Meta CEO Mark Zuckerberg issued statement regarding mass layoff Why has Meta decided to layoff its substantial workforce? Not only has online commerce returned to prior trends, but the …

Mark Zuckerberg Confirms Meta Layoffs, Lets Go Of 11,000 Employees; Read Full Letter Here
2 years, 2 months ago

Mark Zuckerberg Confirms Meta Layoffs, Lets Go Of 11,000 Employees; Read Full Letter Here

News 18  

Mark Zuckerberg, CEO of Facebook’s parent company Meta, on Wednesday confirmed the layoffs by the company. I’ve decided to reduce the size of our team by about 13% and let more than 11,000 of our talented employees go. HERE’S MARK ZUCKERBERG’S FULL LETTER TO EMPLOYEES Today I’m sharing some of the most difficult changes we’ve made in Meta’s history. I’ve …

Meta fires more than 11,000 employees, to pay 16 weeks of base salary and more
2 years, 2 months ago

Meta fires more than 11,000 employees, to pay 16 weeks of base salary and more

India TV News  

Meta Platforms Inc. has been reportedly planning to begin a major job cut starting today itself. In an official blog, Mark Zuckerberg- Meta's Chief Executive stated, "Today I'm sharing some of the most difficult changes we've made in Meta's history. He further added, "We are also taking a number of additional steps to become a leaner and more efficient company …

Meta cuts more than 11,000 jobs; biggest cull in its history
2 years, 2 months ago

Meta cuts more than 11,000 jobs; biggest cull in its history

Al Jazeera  

Facebook’s parent company, whose shares have lost more than two-thirds of their value, said it also plans to cut discretionary spending and extend its hiring freeze through the first quarter. The broad job cuts, the first in Meta’s 18-year history, follow thousands of layoffs at other leading tech companies including Elon Musk-owned Twitter and Microsoft Corp. “Today I’m sharing some …

Meta layoffs to start soon, employees scared and anxiously wait for the 6am email
2 years, 2 months ago

Meta layoffs to start soon, employees scared and anxiously wait for the 6am email

India Today  

The tech world is still not over the harsh Twitter layoffs that happened last week, and another big tech company, Meta, is gearing up to begin the "biggest" layoffs this year. Aashima Ahuja, who currently works as the frontend content creator at Meta, says "there has been anxiety all over the internal communication channels." Brian Gomez, who works as Emerging …

Meta quietly reduces staff in cost-cutting push
2 years, 3 months ago

Meta quietly reduces staff in cost-cutting push

Live Mint  

Meta Platforms Inc. is planning to cut expenses by at least 10% in the coming months, in part through staff reductions, as the social-media giant confronts stalling growth and increased competition, according to people familiar with the company’s plans. In response to questions, Meta spokesman Tracy Clayton referred to CEO Mark Zuckerberg’s July statement that the company would need to …

Mark Zuckerberg hints at lay offs at Meta in future, feels there are many employees doing nothing
2 years, 4 months ago

Mark Zuckerberg hints at lay offs at Meta in future, feels there are many employees doing nothing

India Today  

Meta is bracing for a tough quarter ahead. Recently, its CEO, Mark Zuckerberg, made it very clear that Meta has some, if not many workers, who probably don't belong at the company. As pointed out by The Verge, Zuckerberg, in an internal call with employees, even went ahead to cancel Meta Days -- extra vacation days for employees introduced during …

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