Meta Set to Cut Thousands of Jobs, Leaked Memo Reveals
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Synopsis
Meta is reportedly preparing to lay off approximately 3,000 employees, which is around 5% of its workforce, as indicated by a leaked memo from the company's HR VP. Affected individuals will be notified via email, and the layoffs reflect ongoing trends in the tech industry.
Key Takeaways
- Meta plans to lay off 3,000 employees.
- Notification emails will be sent on Monday.
- International layoffs begin on Sunday at 2:30 a.m. IST.
- New reporting heads will be assigned to affected teams.
- Job cuts reflect a broader trend in the tech industry.
New Delhi, Feb 9 (NationPress) Tech behemoth Meta is anticipated to lay off approximately 3,000 employees, equating to 5 percent of its overall workforce, according to a leaked internal memo reported on Sunday.
The memo, shared by Janelle Gale, the Vice President of Human Resources at Meta, was posted on the company's internal Workplace platform.
It indicates that the impacted employees will receive an email on Monday morning regarding their job status.
For some international workers, the layoff procedure is scheduled to commence on Sunday at 2:30 a.m. IST.
In the United States, notifications will be sent at 6:30 p.m. IST on Monday.
Employees will lose access to company systems within an hour of receiving the email, which will also detail severance packages.
Gale expressed empathy for the challenging situation, particularly for teams losing a manager or colleague.
She noted that while Meta offices will remain operational, employees who wish to work remotely on Monday may do so.
As Meta adheres to a hybrid work model, requiring employees to be present in the office three days a week, working from home on Monday will still count as an in-person workday.
The company has not revealed the identities of the employees facing layoffs.
Some positions may be filled again in the future, although a timeline has not been established.
Employees whose managers are laid off will be assigned new supervisors.
Meta's CEO, Mark Zuckerberg, had hinted at potential job reductions, emphasizing that the company aims to elevate performance standards.
Generally, Meta phases out low performers over the course of a year, but this round of layoffs is occurring on a significantly larger scale due to recent performance evaluations.
In related news, Amazon has recently laid off dozens of employees, while Salesforce cut around 1,000 jobs earlier this year.
The trend of job reductions in the tech sector persists as companies concentrate on efficiency and cost-cutting.
