meta layoffs

Have you suffered an “involuntary career event” recently? Perhaps you were a casualty of “corporate outplacing,” the unfortunate, yet ostensibly necessary result of your company “rightsizing.” Managers are running out of ways to say you no longer have a job. Layoffs in the first month of 2024 have left tens of thousands without jobs, with the tech industry alone cutting 32,000 roles. The way the bad news is delivered is more important than ever, as companies fear being canceled on social media after a poorly executed…

Image Source : FILE eBay joins Google and Amazon in employee layoffs eBay is making changes in its company, and unfortunately, it means some people will lose their jobs. The company plans to let go of about 1,000 full-time employees, which is around 9 per cent of its total workforce. They will also be reducing the number of contract workers in the coming months. …

For the thousands of workers who'd never experienced upheaval in the tech sector, the recent mass layoffs at companies like Google, Microsoft, Amazon and Meta came as a shock.Now they are being courted by long-established employers whose names aren't typically synonymous with tech work, including hotel chains, retailers, investment firms, railroad companies and even the Internal Revenue Service. All of those sectors have signaled on recruiting platforms that they are still hiring software engineers, data scientists and…

As tech giants like Meta and Google lay off thousands of employees and more job cuts are on the way, top executives took home hefty bonuses and compensation. Meta workers grilled CEO Mark Zuckerberg during a virtual Q&A session about the six-figure bonuses given to senior executives amid layoffs, reports Entrepreneur. According to Meta's filing with the US Securities and Exchange Commission (SEC) released last week, C-suite executives like chief financial officer Susan Li received $575,613 in bonuses;…

Image Source : FREEPIK Meta layoff: Most staffers who combat misinformation lost their job Meta has almost wiped out its team dedicated to combating misinformation, as part of the latest round of mass layoffs which began earlier this week. As per the 'Command Line' by The Verge's Alex Heath, the majority of the team which was responsible for combating the fake news…

Meta Platforms Inc. is planning to cut or relocate its London-based Instagram employees, according to a person familiar with the matter.The London office became a center for growth for the social-media app when its leader, Adam Mosseri, moved there temporarily last year. Mosseri plans to relocate to the US, along with the staffers who aren’t laid off, said the person, who asked not to be identified because the decision hasn’t been made public. The move won’t be final until the completion of a required consultation period…

Image Source : AP Representational Image Amazon layoffs: For the last year, tech giants have been firing their staff amid concerns about the global recession. Amid this uncertainty, Amazon now plans to eliminate 9,000 more jobs in the next few weeks. CEO Andy Jassy said the second phase of the company’s annual planning process completed this month led to the…

Facebook-parent Meta Platforms is planning additional layoffs to be announced in multiple rounds over the next few months, which could match the 13% job cut tally from last year, the Wall Street Journal reported on Friday citing people familiar with the matter.Meta let go of 11,000 employees four months ago and would be the first Big Tech company to announce a second round of mass layoffs.The first wave of the new cuts would be announced next week and are likely to hit non-engineering roles the hardest, according to the…

Image Source : PIXABAY Google Google has reportedly started to lay off employees based in China. Employees who are hitting the senior positions and those who are high-paying workers in the tech giant's office are the ones who are losing their job this time. The news surfaced in the global announcement that the company made today. ALSO READ: Dyson Purifier Hot+Cool-…

Meta Platforms Inc is releasing a new large language model based on artificial intelligence (AI) aimed at the research community, chief executive officer Mark Zuckerberg said in a Facebook post on Friday, becoming the latest company to join the AI race. The battle to dominate the AI technology space, which until recently existed more in the background, kicked off late last year with the launch of Microsoft-backed OpenAI's ChatGPT prompted tech heavyweights from Alphabet Inc to China's Baidu Inc to create their own…