Social media platform Facebook's parent company Meta laid off 11,000 employees last year. After this, new recruitments were also banned. But now Facebook has indicated more layoffs in the company
According to the report, Mark Zuckerberg has expressed the possibility of further layoffs in the company in a recent meeting.
The blame will fall on the managers!
It is reported that Zuckerberg is against a large team of managers. He has said that he does not want such a team where managers are managers everywhere. There should be one manager above the other, who report to each other. Zuckerberg said during a meeting that I don't think you need a management structure where only managers are filled with managers.
This statement of Zuckerberg is being told as a sign of possible retrenchment in the company. It is being said that he may soon retrench at the manager level.
Let us tell you that in September last year, Facebook, Instagram and WhatsApp had shown the way out to 87000 employees. Last year, Meta laid off 13 per cent of its employees globally.
11 thousand employees were laid off in November 2022
Meta has been struggling with revenue and advertising for some time now. The company had fired 11,000 employees in November last year itself. This information was given by Mark Zuckerberg himself. The company had talked about the removal of employees, citing the increase in cost.
If reports are to be believed, Meta had given an additional salary of four months to those who were fired from the company. Twitter has fired a large number of employees before Meta.
Let us tell you that Mark Zuckerberg is the CEO of Meta, the company that owns Facebook, Instagram and WhatsApp.
By jenith Chaudhary
