365Telugu.com Online News, Delhi, March 7, 2023: The world’s largest social networking company is gearing up for yet another massive layoff after laying off 13 percent of its workforce in November last year. The company has previously revealed that it is doing so to become more efficient.
Facebook, Instagram and parent company Meta Platforms are gearing up for layoffs once again. Thousands of employees are said to be affected by lay offs this week.
Last year, 13 percent of employees were fired.
The world’s largest social networking company is gearing up for yet another massive layoff after laying off 13 percent of its workforce in November last year. The company said during earlier layoffs that it was doing so to become more efficient.
During the first layoff, 11,000 employees were to be laid off from the company. As part of that, the company is completely eliminating redundant teams. According to a Bloomberg report in February, the company is ready to implement the process. It seems that thousands of permanent employees may lose due to this decision taken by the company.
The plan will be ready before Zuckerberg goes on parental leave.This time the layoffs may be next week.
Zuckerberg described 2023 as the year of efficiency
The layoffs in November were a surprise, but this time layoffs were anticipated. Zuckerberg called 2023 the “year of efficiency” for Meta. The company indirectly informs employees about this theme during performance reviews. But according to this, it seems that the removal exercise was completed last week.
Workers at the California-based company’s Menlo Park office are worried about co-workers. Some employees doubt whether they will get the bonus due this month if they lose their jobs.