First Published Nov 10, 2022, 4:50 PM IST
Facebook’s parent company Meta has laid off 11,000 employees and India has also been affected. However, the details of how many employees have been affected by this strike have not yet been released.
Due to factors such as global economic recession, increase in interest rates, inflation, increase in competitors, income decreases and many companies are engaged in layoffs worldwide.
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Recently, Elon Musk fired 3500 employees without any prior notice after buying Twitter. In India alone, almost 90 percent of employees were fired. There is no information yet on future benefits for those employees.
In this case, following the Twitter company, Facebook’s Meta company also engaged in layoffs. Meta CEO Mark Zuckerberg said in the announcement that “13 percent of Meta’s workforce is being cut, and approximately 11,000 employees will be out of a job.”
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However, he said that the employees will get 16 weeks of pay, 2 weeks of additional pay, 6 months of medical insurance for the employees’ families, assistance in getting the next job, and necessary immigration facility for the employees who came on H1B visa.
In this case, approximately 400 people are working in the Indian office of Facebook Meta. No one knows how many people have lost their jobs at Meta in India due to Meta’s announcement. Meta company has not released those details yet.
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Meta company did not respond to news agencies in this regard. Last week, Meta’s India chief Ajit Mohan resigned from the job and looked for the next opportunity. It is noteworthy that Mohan was the head of Snapchat’s India division.
Last Updated Nov 10, 2022, 4:50 PM IST