Meta Layoffs: Due to the worldwide recession, many big tech companies have laid off employees (Tech Layoffs) to cut costs. Recently, Meta, the parent company of Facebook, Instagram and WhatsApp, has laid off employees on a large scale. Last month in March, Meta announced that it was going to show the way out to 10,000 employees. The company had laid off 11,000 people ie 13 per cent of its total workforce in the previous month. After the announcement of the retrenchment in March, the company has also started laying off employees from many posts.
Meta employee expressed pain
Apart from Meta, many companies like Amazon Layoffs, Twitter Layoffs, Google Layoffs etc. have also done many phase layoffs in the last few months. Many employees who have been retrenched are giving their details on platforms like LinkedIn, Facebook. A former Meta employee shared her layoff story on LinkedIn. The name of this former Meta employee is Lisa Berenson. In her post, she told that she had joined the company in 2019, about 3 years ago. She was earlier working on the post of content designer. Later he was made the creative body.
Company transferred from UK to US
Along with this promotion, Meta transferred this female employee from UK to Colorado in America. The woman came to America in March 2022 with her entire family. After this the company year 2023 I laid off the woman. The employee also told that in March 2023, he did the best performance ever, but even after that the company fired him. The woman has also written in this post that her entire career was in the UK and now she has no work after getting laid off from Meta. He has two small children. In such a situation, he needs a new job as soon as possible.
Retrenchment of employees and officers got big bonus
On one hand, Meta is laying off employees, while on the other hand, it is giving bonus worth crores of rupees to its top officials. According to the information given to the US Security and Exchange Commission (SEC), the company has given about Rs 4.71 crore as bonus to Meta’s executive officers like Susan Lee this year. At the same time, the company has given a bonus of Rs 7.5 crore to Chief Product Officer Chris Cox. After this decision of the company, many employees have raised questions on it.
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