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Facebook Layoffs News: Facebook’s parent company Meta Platforms Inc. is preparing to lay off thousands of employees. The sorting of this new round can be done this week itself. Bloomberg’s report said on Monday that the world’s largest social networking company is laying off more employees.
In November, this company had fired 13 percent of the employees. The company had taken the retrenchment of employees in view of the fear of recession at the global level and the reduction in the company’s revenue. Meta had done the biggest retrenchment by taking out 11 thousand employees.
How many employees will be laid off
The company is taking many big steps to strengthen its social media platform. In this sequence, the company can now remove 1000 employees from the job. It has been said in the report that this retrenchment can happen during this week and it can be finalized as soon as possible. According to the report, the top official has asked to prepare a list to lay off the employees.
Why is Meta doing so many layoffs?
Regarding the retrenchment of the first employees, the company had said that this has been done due to the fear of recession and lack of revenue. At the same time, the company can further strengthen its business. Apart from this, Meta has also seen a slowdown in its ad revenue.
Employees will get bonus
It has been said in the report that bonus will also be issued for the retrenched employees. Along with this, the company can also give salary for a few months. Let us tell you that due to global apprehension, many big companies are busy preparing for retrenchment. Thousands of people are losing their jobs every day.
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