Meta, which has around 87,000 employees, has recently undergone belt-tightening measures like hiring freezes and eliminating nonessential travel.In his note to employees, Zuckerberg said Meta's hiring freeze will continue, as well as scaling back its real estate, among other cost-cutting changes to be announced in the coming months.
Secondly, the uncertain economy has made jittery advertisers slash spending. The pullback has walloped Meta, since nearly all of its revenue comes from ads. It also has been bruising to ad-dependent services like Snap and YouTube. According to Zuckerberg, the 11,000 employees who will lose their jobs at Meta will get 16 weeks of severance pay and health insurance for six months. Laid-off holders of visas will be provided resources to assist with changes in immigration status, he said.Meta, like many other tech companies, went on a hiring blitz during the pandemic. It brought on tens of thousands of new employees to meet the growing demand from people stuck at home.
हमने इस समाचार को संक्षेप में प्रस्तुत किया है ताकि आप इसे तुरंत पढ़ सकें। यदि आप समाचार में रुचि रखते हैं, तो आप पूरा पाठ यहां पढ़ सकते हैं। और पढो:
इंडिया ताज़ा खबर, इंडिया मुख्य बातें
Similar News:आप इससे मिलती-जुलती खबरें भी पढ़ सकते हैं जिन्हें हमने अन्य समाचार स्रोतों से एकत्र किया है।
Facebook parent company Meta laying off 11,000 people, about 13% of workforceFacebook parent Meta is laying off 11,000 people, about 13% of its workforce, as it contends with faltering revenue and broader tech industry woes, CEO Mark Zuckerberg said in a letter to employees Wednesday.
स्रोत: WashTimes - 🏆 235. / 63 और पढो »
Facebook parent company Meta laying off 11,000 people, 13% of workforceFacebook parent Meta is laying off 11,000 people, about 13% of its workforce, as it contends with faltering revenue and broader tech industry woes
स्रोत: dothaneagle - 🏆 337. / 59 और पढो »
Facebook parent company Meta sheds 11,000 jobs in latest sign of tech slowdownThe layoffs represent the first large-scale workforce reduction in the company's 18-year history. Is this Musk‘a fault or Trump’s? That's what happen when you burn billions of dollares trying to relive Second Life.
स्रोत: NPR - 🏆 96. / 63 और पढो »
Facebook parent company Meta will lay off 11,000 employees | CNN BusinessFacebook-parent Meta on Wednesday said it is laying off 11,000 employees, marking the most significant job cuts in the tech giant's history. Great :) meta must down finkd For once, be a patriot and keep US citizens employed and lay off the H1, L1 and F1 OPT visa holders! If you don’t, you’ll always have the reputation of someone who puts profit before country! Maybe conspiring with Putin and the GOP to steal the 2016 election wasn't the best idea, Zuckerberg.
स्रोत: cnni - 🏆 326. / 59 और पढो »
Facebook parent company Meta to lay off more than 11,000 employeesMark Zuckerberg announced the news to Meta employees on Wednesday morning, saying: “I want to take accountability for these decisions and for how we got here.' Maybe the person that really needs to go is Zuckerberg. his metaverse gamble didn’t payoff, he had bigger dreams than being just a mere social media guy, alas it’s not to be, for now Maybe if the employees write a letter, not listening actual reasons to maintain employment, but rather stating their privilege and how much of a meanie the new owner is. Of course the law suit should tentatively follow.
स्रोत: NBCNews - 🏆 10. / 86 और पढो »
Facebook parent company Meta laying off 11,000 employees, 13% of workforce, Zuckerberg announcesFacebook parent Meta is laying off 11,000 people, about 13% of its workforce, as it contends with faltering revenue and broader tech industry woes, CEO Mark Zuckerberg said in a letter to employees Wednesday. MattHaneySF get zuckerbergs people the ones you chased out Where is lisabloom with the lawsuit? NEWS_MAKER Any protests or investigations? Didn’t think so.
स्रोत: abc7newsbayarea - 🏆 529. / 51 और पढो »