Meta Platforms To Lay Off Specific Employees Today
Abdullah Hussain (@Abdulla99267510) Published November 09, 2022 | 02:32 PM
The latest reports say that Zuckerberg who was dejected over the company’s missteps as he had expected growth against the overstaffing.
LONDON: (UrduPoint/UrduPoint / Pakistan Point News-Nov 9th, 2022) Meta Platforms will start laying off employees on Wednesday morning, Chief Executive Mark Zuckerberg told hundreds of executives on Tuesday, the reports said.
Zuckerberg, who looked dejected in Tuesday’s meeting discussed the company ’s missteps. The people who were familiar with the development said that Zuckerberg had expected growth against overstaffing.
The reports suggested that Zuckerberg also discussed the broad cuts besides mentioning the recruiting and business teams as among those facing layoffs, the report said, adding an internal announcement of the company’s layoff plans is expected around 6 am Eastern time on Wednesday.
They add that the specific employees losing their jobs would be informed over the course of the morning.
Meta’s head of human resources, Lori Goler, said employees who lose their jobs would be provided with at least four months of salary as severance, said the reports, quoting the people familiar with the matter.
Meta reported more than 87,000 employees at the end of September.
The development came after Twitter laid off half its workforce across teams ranging from communications and content curation to product and engineering following Elon Musk’s $44 billion takeover.
Earlier, Bloomberg had reported Twitter was reaching out to dozens of employees who lost their jobs, asking them to return.
Microsoft also laid off around 1,000 employees across several divisions in October, according to an Axios report.
Recent Stories
IHC adjourns PTI founder, Qureshi's appeal till Thursday
CDWP recommends 3 projects to ECNEC for approval
Tarar assures APNS to resolve issues of newspaper industry
Pakistan urged to capitalize on economic stability, for Tobacco Tax Reforms
N. Macedonia polls set to upend ties with EU neighbours
Croatia's ruling party reaches coalition deal with right wing
Bayern coach Tuchel makes three changes for Madrid showdown
Olympic flame arrives on French soil for Paris Games
Punjab Finance Minister announces expansion of Social Protection Authority's man ..
Kenya inks deal to end doctors' strike
Brazil flooding death toll reaches 100
Lebanon security source says five killed in Israeli strikes on south
More Stories From Technology
-
Over 14,000 Livestock Department employees’ profiles digitized via PITB developed Human Resource M ..
8 hours ago -
50MP is Better than 200MP?
8 hours ago -
"The New realme Note 50 Breaks Sales Records for The Month of April”
1 day ago -
Vivo Y100 is Now Available in Pakistan with Color Changing Design & 80W FlashCharge
1 day ago -
Pre-Order Your Coolest vivo Y100 Today
2 days ago -
European companies show interest in investing in Pakistan’s IT sector
4 days ago
-
Awais Leghari felicitates nation on launching of 1st lunar mission ‘ICUBE-Q’
5 days ago -
TECNO launches the new CAMON 30 Series in an extravagant Vogue Night.
6 days ago -
Vivo Launched Y100 Smartphone in Pakistan with Unique Color Changing Design and 80W FlashCharge
6 days ago -
Co-Working Center launched in Okara under PITB’s e-Earn program
8 days ago -
Vivo Reveals Durefishan Saleem as Brand Ambassador for its Upcoming Y100 Smartphone
8 days ago -
Punjab govt decides to provide free internet to schools across province
11 days ago