Home Economy New wave of mass layoffs at Meta Group

New wave of mass layoffs at Meta Group

0
New wave of mass layoffs at Meta Group

Since yesterday, Wednesday, April 19, further job cuts across the entire range have begun. Platform metabecause the digital platform is restructuring its employee teams and moving towards its founder’s goal.

OUR Mark Zuckerbergwho also manages the platform, has made improving efficiency his top priority this year.

Its parent company facebook told his supervisors they should prepare for announcements of additional job cuts, according to a memo obtained by Bloomberg news agency.

The memo said the layoffs would affect separate Meta divisions of Facebook, WhatsApp, Instagram and Reality Labs, which run the company’s VR experiments and Quest hardware.

The move is part of a broader effort to cut costs, which means cutting 10,000 jobs. This was announced by Mark Zuckerberg in March, and further layoffs followed in May.

The current 10,000 layoffs are on top of a previous 11,000 layoffs, according to Bloomberg, a nearly 13% cut in staff that occurred in November.

Zuckerberg also extended the “freeze” of hiring for the entire period of the first quarter. A memo issued to managers says teams will be reorganized and some remaining employees will be moved to work under new leaders.

Of course, such a scenario of mass cuts, as in the Meta, but also recently in Google And Microsoft, is hardly observed in Geria of Epirus. And they gradually understand it technological Giants of Silicon Valley.

European legislation protects labor rights, and in this regard, it becomes almost impossible to dismiss hundreds of workers without prior consultation and agreement with trade unions. In France, for example, Alphabet, Google’s parent company, is considering offering compensation packages through a voluntary exit program.

In the case of the digital commerce giant Amazon, the latter is trying to convince its top executives to step down with an annual salary and additional benefits. And finally, in Britain (but also Ireland), where the worker protection system is less stringent, it is estimated that out of 8,000 Google employees, about 500 people will eventually leave the company.

Author: newsroom

Source: Kathimerini

LEAVE A REPLY

Please enter your comment!
Please enter your name here