Meta Layoffs: 11,000 Employees Fired Across Facebook, Instagram, WhatsApp 

Meta CEO Mark Zuckerberg announced company-wide layoffs impacting 11,000 employees across platforms including Facebook, WhatsApp and Instagram

Layoffs At Tech Giant Meta

The Meta CEO wrote, “Today I'm sharing some of the most difficult changes we've made in Meta's history. I've decided to reduce the size of our team by about 13%.”

Mark Zuckerberg’s Letter On Meta Layoffs

Mark Zuckerberg said, “I want to take accountability for these decisions… and I'm especially sorry to those impacted.”

Zuckerberg Apologises For Meta Layoffs

In order to make Meta a leaner firm and increase efficiency, Mark Zuckerberg announced a hiring freeze at Meta that would continue through Q1

Hiring Freeze At Meta

Meta has identified certain high priority growth areas to focus on:-

- AI discovery engine
- Ads on Meta platforms 
- Business platforms 
- Long-term vision for metaverse

Meta’s Growth Strategy

- Scaling back budgets
- Reducing perks
- Lowering real estate footprint
- Restructuring teams to increase efficiency

Cost Cutting Measures At Meta

- 16 weeks of base pay two additional weeks for every year of service
- Healthcare coverage for six months
- The severance payment norms will likely be the same in the US and other countries including for Meta India employees

Severance For Fired Meta Employees

Several tech companies like Twitter, Amazon, Coinbase, Apple and Snap have announced layoffs and hiring freezes recently

Other Tech Layoffs

India Vs England T20 World Cup Semi-Final 2022

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