In November of last year, Facebook fired 11,000 employees, and now it is another bad news for Facebook employees.
As the world recovers from the corona virus, there is a massive economic slowdown due to the corona virus and various other reasons. Apart from that, it is noteworthy that inflation and interest rate hike together have created big companies.
After this, various measures were taken to increase the growth of the company and prevent the loss of the company. Almost all the big companies have taken the first phase of layoffs.
In this situation, last November, Facebook announced that 11 thousand employees will be fired. Facebook CEO Mark Zuckerberg has said that austerity measures are necessary to bring the company to the growth path and layoffs are inevitable.
13% of Facebook’s employees worldwide were laid off in a shocking move. Not only that, it was also informed that no new employees will be appointed till 2023.
At this point, Mark is said to have hinted at the possibility of further layoffs when he spoke at a recent meeting. He also implicitly pointed out that those who do not manage the work well and those who do not perform the work properly will definitely be reprimanded.
Therefore, although it is not confirmed whether there will be layoffs again in Facebook, it is shocking that the managers working in the company are saying that there will be no layoffs.
Both Facebook and its other company, Instagram, are said to be facing layoffs in the next few months or weeks, so employees are working in a state of dread.
It is noteworthy that even though the people of the world have recovered from the effects of the corona virus, the companies have not yet recovered from the financial crisis and the layoffs are being taken due to the Ukraine-Russia war and some other important reasons.