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Meta layoff News

13 Nov 2022

Nearly half of Meta job cuts were in tech, reorg underway - execs say

Overall, 54% of those laid off were in business positions and the rest were in technology roles, Meta human resources chief Lori Goler said. As the economy declined, executives decided more recently to make "bigger changes," he said. Portal had not been a major revenue generator and drew privacy concerns from potential users.

09 Nov 2022

Meta fires 13% staff globally: Twitterati question whether recession is coming

Meta announces to lay off 13% of its staff globally across several divisions. Mack Zuckerberg has shared a blog post regarding the lay off. Meta will pay 16 weeks of base pay plus two additional weeks for every year of service to fired employees.

09 Nov 2022

Meta lays off 11,000 employees; Mark Zuckerberg announces THESE compensations

Meta announces to lay off 13% of its staff globally across several divisions. Mack Zuckerberg has shared a blog post regarding the lay off. Meta will pay 16 weeks of base pay plus two additional weeks for every year of service to fired employees.

09 Nov 2022

Meta to lay off 11,000 employees globally, confirms Mark Zuckerberg

Meta announces to lay off 13% of its staff globally across several divisions. Mack Zuckerberg has shared a blog post regarding the lay off. Meta will pay 16 weeks of base pay plus two additional weeks for every year of service to fired employees.

30 Sep 2022

'No more hiring, more layoff soon in Meta': Mark Zuckerberg says to employees

Company freezes hiring, more layoffs soon: Mark Zuckerberg. Meta is currently reducing staff to cut costs amid the economic downturn. The Mark Zuckerberg-run company had 83,553 employees at the end of the second quarter this year.

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