Meta Layoff 2023: After firing more than 11 thousand people in November last year, it seems that the parent company of Facebook, WhatsApp and Instagram Meta is not satisfied, as the company has again announced mass layoffs. has been announced.
Image Credit source: Symbolic picture
Meta, the parent company of Instagram, WhatsApp and Facebook, once again made a big announcement saying that the company is preparing to lay off more than 10,000 people. Let us tell you that if this happens then it will be the second round of retrenchment in Meta, remind that last year in November 2022, Meta had shown the way out of the company to 11,000 employees in the first round of retrenchment.
Please tell that in the first round of the company, this decision to remove 11 thousand people was 13 percent of the total workforce. This means that soon once again the sword of retrenchment is hanging over the people working in Meta.
Mark Zuckerberg’s message to employees
The company’s CEO Mark Zuckerberg while messaging the employees said that “I feel that we should prepare ourselves because this economic recession may continue for the next several years.
Zuckerberg says that due to the concerns of economic recession due to rising interest rates in the US, the corporate world has had to decide to cut jobs on a large scale. In the US, from Wall Street banks like Goldman Sachs and Morgan Stanley to Amazon and Microsoft, many big companies have decided to lay off on a large scale.
Meta Layoff 2023: What is the reason behind layoffs
The reason behind taking the decision to lay off on a large scale once again is that the company is facing an economic recession. Even before this, when the first round of layoffs started in the company in November, the company’s CEO Mark Zuckerberg had said that due to the decline in the company’s revenue, a tough decision has been taken to sack the employees.
