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After laying off more than 11,000 employees in November 2022, Meta is going to lay off thousands more.
A new report from Bloomberg has confirmed a previous report indicating that Meta is gearing up for another major round of layoffs. These could reportedly happen as soon as this week and will be in addition to the 13 per cent headcount reduction from November 2022.
Meta is apparently taking a "two-pronged approach with its layoffs" which we assume means that it is making people leave their desks with a two pronged fork. Bloomberg said it is letting go people either to flatten the hierarchy in the company or to meet certain financial targets. Managers are being offered buy-out packages and teams deemed non-essential are being escorted from the building.
After laying off more than 11,000 employees in November 2022, Meta is going to lay off thousands more.
A new report from Bloomberg has confirmed a previous report indicating that Meta is gearing up for another major round of layoffs. These could reportedly happen as soon as this week and will be in addition to the 13 per cent headcount reduction from November 2022.
Meta is apparently taking a "two-pronged approach with its layoffs" which we assume means that it is making people leave their desks with a two pronged fork. Bloomberg said it is letting go people either to flatten the hierarchy in the company or to meet certain financial targets. Managers are being offered buy-out packages and teams deemed non-essential are being escorted from the building.
