Meta could begin large-scale layoffs this week, report says

[Pandubabu]

Facebook parent Meta could begin large-scale layoffs as soon as Wednesday, according to a report from the Wall Street Journal.

The layoffs are expected to impact thousands of employees, the report said, and the move would mark the first major headcount reduction in Meta’s history. At the end of September, the company reported that it had more than 87,000 employees.

[Vaampire]

Meta is in very tricky situation. 87k head count is too much for its business. 
meta is known for good stock refreshers which they cant do now. 
they have to let go atleast 40%

[Netflixmovieguz]

5 minutes ago, Vaampire said:

Meta is in very tricky situation. 87k head count is too much for its business. 
meta is known for good stock refreshers which they cant do now. 
they have to let go atleast 40%

Puking companies. 40% layoff ennndi bro.  

[Spartan]

ban meta for ads now

[Complex]

Just read the same news this afternoon.

 

Meta’s reportedly planning to lay off ‘thousands’ of workers this week

 

 

Meta’s planning major job cuts that could affect “thousands” of workers, according to a report from The Wall Street Journal. Sources familiar with the situation told the WSJ that the layoffs could begin as soon as Wednesday.

The Facebook and Instagram parent company reported over 87,000 employees at the end of September, but these “large-scale” layoffs are expected to slash a significant portion of staff members. According to the WSJ, the layoffs could hit Meta even harder than the mass job cuts at Twitter, which affected about half of the company’s 7,500-employee workforce.

In June, Meta’s chief product officer Chris Cox warned employees of “serious times,” noting that employees must “execute flawlessly in an environment of slower growth.” Meta’s CEO Mark Zuckerberg started to turn up the heat on employees around the same time, saying in an internal Q&A session obtained by The Verge’s Alex Heath that “there are probably a bunch of people at the company who shouldn’t be here.” Zuckerberg later implemented a hiring freeze in September and warned that the company could downsize in the near future.

[Netflixmovieguz]

5 minutes ago, Spartan said:

ban meta for ads now

Haters like marks 🍆

[Netflixmovieguz]

 

[Vaampire]

27 minutes ago, Netflixmovieguz said:

Puking companies. 40% layoff ennndi bro.  

Meta/snap got big hit with apple privacy changes.  There is no easy way

[nokia123]

41 minutes ago, Vaampire said:

Meta is in very tricky situation. 87k head count is too much for its business. 
meta is known for good stock refreshers which they cant do now. 
they have to let go atleast 40%

Stock 75% paduthe vaadu mathram emi sesthadu inka

[Pahelwan2]

Slowly all companies will start layoffs after elections 

[Chevilopuvvu]

53 minutes ago, Vaampire said:

Meta is in very tricky situation. 87k head count is too much for its business. 
meta is known for good stock refreshers which they cant do now. 
they have to let go atleast 40%

40% ante 35000 workers kaka. Antha pedda layoffs iythaya? Economy antha bad led vaa anni layoffs seyaneeke.

[Netflixmovieguz]

4 minutes ago, Chevilopuvvu said:

40% ante 35000 workers kaka. Antha pedda layoffs iythaya? Economy antha bad led vaa anni layoffs seyaneeke.

It is kaka. 

[Netflixmovieguz]

7 minutes ago, Pahelwan2 said:

Slowly all companies will start layoffs after elections 

Some bankruptcy some will layoff 50% 

[dasari4kntr]

5 minutes ago, Netflixmovieguz said:

Some bankruptcy some will layoff 50% 

what do you think...which sector effect most..?

[Pavanonline]

15 minutes ago, Chevilopuvvu said:

40% ante 35000 workers kaka. Antha pedda layoffs iythaya? Economy antha bad led vaa anni layoffs seyaneeke.

Company position bad, don’t think they need such huge workforce anyway.