The layoffs “will follow a similar process” to the job cuts that took place in April.
Facebook-parent Meta Platforms has said it will conduct another round of layoffs two months after letting go of 10,000 employees, according to a report. vox news, This was informed to the employees by company officials in Q&A with the employees on Thursday.
Meta’s president of global affairs, Nick Clegg, said during the company’s meeting, “There’s going to be a third wave next week. It affects everyone in biz teams, including my organization. It’s going to cause huge anxiety and uncertainty.” is time. … I wish I had some easy way to offer consolation or comfort. It’s uncertain. And in fact it’s really increased my appreciation of the way that everyone — despite that uncertainty — you can only Demonstrating such resilience and professionalism.”
The executive said the layoffs would “follow a similar process” to the job cuts that took place in April. The afternoon before the layoffs take place, the Head of People will send a note to Meta staff members detailing when the process will begin and which teams will be affected. In addition, employees affected by the job cuts will then be informed and then information will be sent to non-affected employees. According to Clegg, according to Vox News, the company will request that any employee “whose job allows it” must work from home.
Melinda Davenport, director of internal communications at META, addressed the staff members before the executives took questions. “Real talk: We’re still going through our layoffs and restructuring that you’ve heard all of our senior leaders mention. And while I know this is a difficult and difficult situation, we do our best to answer those questions.” Going to try to be who you can be.” Ms Davenport said the company “may not have all the answers you are looking for” but the company was doing its best.
According to the outlet, many employees questioned whether there would be more layoffs in the future. To this, Chief Technology Officer Andrew “Boz” Bosworth said he had “nothing planned”. “The plan is to continue doing what we’ve done as a company for a long time and grow and build and grow,” he said.
“I can’t tell you if revenue tanks and the economy tanks or costs go up for some reason or some sort of thing. You know, I can’t know the future,” he concluded.
It should be noted that the company is marketing 2023 as the “Year of Efficiency” in an effort to improve its financial performance and achieve long-term goals. To achieve the same, it is flattening the organisation, canceling low priority projects and slowing down recruitment. According to Reuters,
Meta has contended with a “post-pandemic slump” in ad spending from companies facing high inflation and rising interest rates.