Meta's action layoffs will continue next week..!?

In the coming week, reports that Meta is likely to fire more workers. During its recent performance review, thousands of employees have been given "auxiliary estimates", pointing out that there will be more dismissal in the coming months. Meta, the head of facebook and WhatsApp, plans to dismiss more employees in the coming week. Earlier, Mark Zuckerberg's company fired more than 12,000 employees. There were heavy worries among the employees when 11,000 people worked at the company, or about 13 percent, in November, in November. Mark Zuckerberg, Chief Executive Officer of Meta, said that he would accept full responsibility for the reduction. According to Bloomberg reports, second-round dismissal can be done to achieve financial goals. The report states that Meta, which has been making more money through advertisement, now wants to focus on "Mettavers". Those who are aware of this job-reducing program say that it is being achieved in financial goals and is asked to prepare a list of directors and vice presidents who are free. The company has not made anything public about this.
According to reports, Mark Zuckerberg, CEO of Meta, will do this before his third child is born, because he will work for his wife's delivery before he leaves for his wife's delivery. Previously, managers in Meta gave 10 percent of employees a "very high" estimate, which is the second low estimate of the company. The lowest rating is "meets some", which is not something that the company often gives. According to a spokesman for a company, estimates have been provided to promote high-quality work and long-term thinking.Meta's senior officials expect that low estimates will lead to employees who leave the company in the coming weeks. If enough employees do not voluntarily leave, the company may consider another round of dismissal.Rating may have a negative impact on employees, as many people can take them as a sign of new job opportunities. The META is reportedly planning to reduce the number of its employees to maintain performance. Zuckerberg said 2023 wanted to be the year of Meeta's performance. As a result, some employees complain that the managers are not able to plan their upcoming workload. Responding to these statements, Meta has said that it is involved in equating its company structure and removing some layers of middle administration to make decisions quickly. Meta also uses artificial microcosms to keep engineers more productive.

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META's layoffs

Sowmiya Sriram

08/03/2023 08:26 AM