Meta Lay Off | Another blow to the staff from Meta! Facebook, WhatsApp, Instagram will lay off again

File Photo Mumbai: Meta Platforms is once again preparing for retrenchment. Facebook’s parent company Meta has now issued a memo to managers instructing them to cut jobs. Meta Company has indicated that the job cuts include employees of Facebook, WhatsApp, Instagram and related companies. The layoffs are part of cost-cutting measures that will cut 10,000 positions at the company by the end of the month, as announced by Meta founder and CEO Mark Zuckerberg in March. Another round of layoffs is about to begin in May. In November, Meta cut about 13% of its workforce, or about 11,000 jobs. According to the instructions issued in the memorandum issued to the managers of the company, the teams under META will be restructured and the remaining employees will be redeployed to work under the new managers. More restrictions on ad categories have cut into Meta’s revenue drastically. This has a direct impact on the advertising revenue of the company. Metaverse, a newer platform, is also not generating revenue. Meta CEO Mark Zuckerberg has declared 2023 as the ‘Year of Performance’ for the company. But the question is whether it will really happen. Meta Company has been continuously reviewing recent employee performance. In such a situation, many employees are afraid of losing their jobs. Sword hanging over thousands of employees Meta company is taking several big decisions to strengthen its social media platform. Due to this, the company can lay off another 10,000 employees. A media report said that the layoffs could be done within this week and a final decision could be taken at the earliest. Read this also Big layoffs in tech companies Tech companies have done big layoffs this year in view of the economic slowdown. Accenture, Amazon, Meta and other tech companies have announced massive layoffs. Amazon 27 thousand, Meta 21 thousand, Accenture 19 thousand, Microsoft 10 thousand, Alphabet 12 thousand, Selfforce 8 thousand, HP 6 thousand, IBM 3 thousand 900, Twitter 3 thousand 700 and Sagagate 3 Thousands of employees have been laid off.

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