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Facebook Parent Meta Layoffs 2023: Layoffs are not taking the name of stopping from big companies all over the world. Now big news related to Facebook’s parent company Meta is coming out. Meta is once again planning for large scale layoffs (Layoffs 2023) across the world. Know what plan the company has made in this regard. And what is the reason behind this.
thousands of employees will be affected
Meta, the parent company of Facebook, Instagram and WhatsApp, may see major layoffs of employees in a few days. According to the Economic Times, Facebook-Parent Meta Platforms Inc is engaged in a restructuring and downsizing effort. Along with this, the company is planning a new round of job cuts, which can affect thousands of employees. Means once again thousands of employees can be hit.
bad staff rating
Earlier recently, Meta has also given poor ratings to thousands of its employees on the basis of performance. The company has given below average ratings to more than 7,000 of its employees. Along with this, the company has excluded the option of giving bonus. Now looking at these reasons, it is being speculated that a big layoff is expected soon in Meta.
this is the big reason
Meta plans to push some leaders into lower-level roles without direct reports, as well as a management backlog between top boss Mark Zuckerberg and company interns. the company year 2023 I had fired 13 percent of my employees i.e. 11,000 employees. Because the company is currently facing rising costs and a weak advertising market.
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