Meta Layoff 2023: Now 1000 employees will be 'unemployed', due to this the job will go! - Newztezz Online

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Tuesday, March 7, 2023

Meta Layoff 2023: Now 1000 employees will be 'unemployed', due to this the job will go!

Meta Layoff 2023: Even after taking out 11 thousand employees from the company, it seems that the company is not satisfied, which is once again preparing to take out thousands of people in the beginning of this week.

Meta Layoff 2023: Facebook's parent company Meta Platforms has once again announced layoffs and this time the company is again preparing to lay off 1000 employees. Some people familiar with the matter say that the company can show the way out of the company to thousands of people at the beginning of this week itself.

Recall that in November last year, the world's largest social networking company had sacked people on a large scale (13 percent) and kicked them out of the company. Let us tell you that a few months ago, Meta had sacked 11 thousand people by showing them the way out of the job.

Meta Layoff 2023: What is the reason behind the cut for the second time?

Even after laying off 11,000 people, it seems that Meta is not satisfied that the company is once again preparing to take out thousands of people at the beginning of this week. Several media reports have surfaced indicating that the company is again going to show the way out to the employees to meet its financial targets.

Meta has to see a decline in advertising revenue, due to which the company has shifted its focus towards the virtual reality platform Metaverse . The directors and vice president of the company have asked to prepare a list of those employees who are no longer needed in the company. Please tell that the spokesperson of Meta has not given any official statement about this at the moment.

People familiar with the matter say that this phase of retrenchment can be finalized by next week. Please tell that it is not yet clear that the people of which department will be affected by the retrenchment this time.

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