Meta Layoffs News: Layoffs are continuing all over the world. In such a situation, there are reports that Facebook’s parent company Meta can once again do mass layoffs (Layoffs 2023). These questions have started arising when recently Meta has given poor rating on performance to thousands of its employees. According to the report published in Wall Street General, the company has given below average rating to more than 7,000 of its employees. Along with this, the company has also removed the option of giving bonus. Due to all these things, it is being speculated that big layoffs can be done soon in Meta, the parent company of Facebook, Instagram and Whatsapp.
On which employees will fall the burden of retrenchment
Talking to Wall Street General, a Meta source has said that new layoffs in the company can be done for those employees whose performance is below average. In such a situation, this can be bad news for employees with bad ratings. Earlier, CEO Mark Zuckerberg had said from Meta that many changes will be made in Meta this year. In such a situation, speculations were being made that the company could once again lay off on a large scale.
Meta has done layoffs before
Significantly, Meta Layoffs 2023 had done large-scale layoffs even before this. year 2023 I had fired 13 percent of my employees i.e. 11,000 employees. After this, the recently given low rating seems that the company is once again preparing for large-scale layoffs to reduce its expenses. Earlier last week, according to a report in the Financial Times, this year Meta has delayed releasing the budget of several teams of its company. In such a situation, since then it is feared that the company may soon lay off on a large scale.
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