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Meta Layoffs: Due to the possibility of worldwide recession (Layoffs 2023), many big companies have fired their employees. It also includes the name of Facebook’s parent company Meta Layoffs. Now another big news is coming about Meta. The company may lay off some more employees in the coming times.
According to the report published in the Financial Times, this year Facebook’s parent Meta Platforms Inc. has not released the budget of many of its teams. The reason behind this is that the company is now planning to retrench the employees once more. According to a Reuters report, there is an atmosphere of uncertainty among Meta employees due to non-receipt of budget and fear of retrenchment.
Meta has done layoffs before
Even before this, Meta had laid off about 11,000 workers in the month of November in the year 2022. This was 13 percent of the total employees of the company. Let us tell you that Meta is the parent company of companies like Facebook, Instagram and Whatsapp. Earlier, the company’s founder Mark Zuckerberg had said that this year is very important for our company. In this case we year 2023 I have to move with understanding. According to Meta, the company’s expenditure this year will be between 89 to 89 billion dollars.
Yahoo also laid off 1600 people
The news of layoffs continues to pour in. Another big tech company Yahoo has also laid off its employees. The company has fired 1600 people. This is 20 percent of the total workforce of the company. Earlier, the big entertainment company Disney (Disney Layoffs 2023) also announced the layoff of 7,000 of its employees. The CEO of the company, Bob Iger, took this decision due to the losses being incurred by the company.
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