Meta has started the second round of layoffs, which has left many employees angry and disappointed. The employees who have been in technical roles have been laid off by the company. It is being said that Meta has also fired some people who have been working for Instagram and WhatsApp as well. The tech giant’s CEO Mark Zuckerberg has previously stated that the layoffs are being done to streamline the business, save costs and become more efficient.
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Following the layoff, many employees have a lot of questions in mind and posted their queries on an internal company forum just ahead of an upcoming employee town hall at Meta. An employee wrote on the forum that layoffs are ruining the confidence of high performers and he questioned why one should stay at Meta if hard work and performance don’t matter to them, according to details revealed by Reuters.
“You’ve shattered the morale and confidence in the leadership of many high performers who work with intensity. Why should we stay at Meta?” the employee wrote.
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Back in March, the tech giant announced that it would fire 10,000 more people and that the layoff process would take place in three batches. The first set of layoffs was conducted in March. The company has already confirmed that it will remove some workers in April and the process will continue in May as well. Hence, many people are getting a notice of layoffs.
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But, this is not the first time that the company has laid off thousands of people. The company eliminated as many as 11,000 employees back in November 2022. So, all this totals to 21,000 employees that are being laid off. This month, the Meta employees in technical roles such as user experience, software engineering, and graphics programming, are being fired. Next month, the tech giant is said to cut jobs in business-facing roles such as finance, legal, and HR.
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There are several reasons behind Meta announcing layoffs, which is something that Zuckerberg revealed recently. One is the economic downturn and the slow growth that Meta has been witnessing. Due to this, the company has been witnessing low revenue growth. In an email, the tech giant also stated that it over-hired in the past few years because of business needs. But, now that Meta is witnessing slow growth and struggling in terms of revenue, it is removing people from the company.
