Meta layoffs: Zuckerberg confirms layoff reports, those who will be fired will get four months' salary

Posted on 9th Nov 2022 02:42 pm by rohit kumar

Meta CEO Mark Zuckerberg spoke to hundreds of company employees on Monday. In the conversation, he confirmed the layoffs going to happen in Meta. During this, he told the employees that the process of retrenchment would be started in the company on Wednesday morning. During a downcast meeting, he said that he was responsible for the wrong steps taken by the company.

 

 

His over-optimistic approach to the company's growth led him to over-recruitment. According to a report in the Wall Street Journal, an employee involved in the meeting with Zuckerberg has confirmed this. According to the news, layoffs of thousands of employees can start in Meta from today i.e. Wednesday.

 

 

According to the report, the employees who are to be retrenched will get at least four months' salary. Zuckerberg has cited recruiting and business team members among those facing layoffs. An internal announcement of the layoff plan is expected at around 6 a.m. Wednesday, Fox News reported. Meta human resources chief Lori Golar told the group that employees who lose their jobs will be paid at least four months' salary, according to people familiar with the meeting.

 

Also Read: Meta Layoffs: After Twitter, now there are massive layoffs in Meta, this week thousands of workers may lose their jobs

Other news

Measles in Maharashtra: Increasing cases of measles are frightening in Maharashtra, 717 cases so far, and 10 children died in Mumbai

Measles disease is increasing among children in Maharashtra. According to the state health depart

DC vs RR: Sanju Samson broke the record of great Shane Warne, and did a big feat for Rajasthan Royals

Sanju Samson has created history for Rajasthan Royals. Sanju Samson has become the player to

Train Accident: Kanchanjunga Express reached Sealdah, victims shed tears as soon as they saw their loved ones, expressed their pain

The Kanchanjunga  Express, which had crashed near Jalpaiguri railway station in West Bengal

Arvind Kejriwal Arrest: Will Kejriwal leave the post of CM or run the government from jail? These Chief Ministers left the chair before their arrest

Arvind Kejriwal Arrest: Delhi Chief Minister Arvind Kejriwal has been arrested by the Enforcement

BSF stacks Pakistani drone in Punjab: 21 crore heroin recovered; 2 women jawans fired 25 rounds at Amritsar border

The Border Security Force (BSF) has succeeded in shooting down a drone that had come near the Ind

Haldwani's 4000 houses and temple mosque will not be demolished for now: Supreme Court said- there will be no action to remove encroachment for 8 weeks

The Supreme Court heard a petition against the Uttarakhand High Court's order to evict encroacher

Women's Reservation Bill: 'The dream that was awaited for the last several decades has now come true, PM Modi said to women workers

Prime Minister Narendra Modi reached BJP headquarters on Friday after the historic Women's Reserv

Delhi Weather: Delhi's winter started taking its toll, people shivered at 6.5 degrees; Now today is the coldest morning of the season

The winter of the national capital Delhi has now started coming into its own. Gradually the feeli

Pakistan is behind the Khalistanis in Canada and Indians are the target, a new conspiracy revealed

Khalistani supporters (PKE) in Canada are continuously targeting the people of the Indian communi

Maha Kumbh: PM Modi keeps an eye on the situation of Maha Kumbh, and spoke to Yogi three times in two hours; Instructions for all possible help

There is a possibility of 10 crore more people bathing in Ganga on Mauni Amavasya today in Prayag