Meta starts May 2023 layoff: Meta has shown the way out to around 6 thousand of its employees globally. Those who have lost their jobs are sharing their stories on LinkedIn. The company had announced the layoff of 10,000 people in March. Let’s know everything in 5 points…
Meta starts May 2023 layoff: Everyone knows that nothing good is going on in the tech job market. It was recently reported that layoff tracking websiteLaoff.fyiAccording to, around two lakh technical workers had lost their jobs till May 18, 2023. At the same time, its number is increasing continuously. Now the news has come that Meta has shown the way out to about 6 thousand of its employees globally. Those who have lost their jobs are sharing their stories on LinkedIn. The company had announced the layoff of 10,000 people in March. Let’s know everything in 5 points…
1. Meta begins the process of firing 6,000 employees
In March 2023, Meta (formerly Facebook) announced to reduce 10,000 job roles. The company has so far laid off only 4,000 employees. Despite this, on Wednesday the company took preliminary action to lay off the remaining 6,000 employees.
2. Flood of posts on LinkedIn
The employees who have been shown the way out by Meta have told their story on LinkedIn. One employee noted that he had received his layoff mail at 4:30 in the morning. He said, ‘As soon as I came to know that the mail came at 4:30 in the morning, I was scared. Couldn’t sleep and didn’t have the guts to see the mail. Later I got a call from the manager and told that my name is also there in the retrenchment.
3. Which departments fell on
According to reports, the recent round of Meta layoffs has affected people across various departments including Business, Ad Sales, Marketing, Communications and Partnerships,
4. Layoffs revealed at company meeting
Reports have emerged that about a week before Meta’s third wave of layoffs was announced, Nick Clegg, the company’s president of global affairs, informed employees of the upcoming layoff round during a company-wide meeting. Told to He reportedly said, ‘There is going to be a third wave next week. This is a time of great anxiety and uncertainty.
5. 21 thousand employees have been retrenched so far
Meta has retrenched about 21,000 employees so far. The first round of layoffs was announced in November 2022 when gradually 11,000 technical professionals lost their jobs. In March this year, a second round of layoffs was announced affecting 10,000 employees worldwide.