Among the 11,000 workers laid fired by Meta are some of the Indian techies who joined social media giant after quitting their secure jobs only two or three days earlier
Among the 11,000 workers laid fired by Meta are some of the Indian techies who joined social media giant after quitting their secure jobs only two or three days earlier. Facebook, in order to reduce costs, fired 11,000 workers across the world.
Neelima Agarwal, an IT professional who recently joined Meta, announced on Linkedin that she was one of those who had lost their jobs.
In her announcement, she said that after one week of moving to Canada from India, she had joined her job in Meta for 2 days following a lengthy visa application process. But the unfortunate day had come, and she was fired.
According to her LinkedIn page, Neelima had resigned from her two-year position at Microsoft Office in Hyderabad to work for Meta.
Another Meta employee Vishwajeet Jha said that he joined the company and got laid off three days after he joined the job. He had worked for more than three years at the Amazon office in Bengaluru.
Jha had posted that after enduring the long visa application process, he joined Meta and was laid off immediately 3 days after his date of joining
Jha had posted that after enduring the long visa application process, he joined Meta and was laid off immediately 3 days after his date of joining. He added that he appreciates everyone who helped him make the transition seamless. He further sympathized with the others who were impacted by the lay-off and said that it is regretful that it had occurred, and his heart goes out to them.
The news that the US company, Meta, which owns Facebook, WhatsApp and Instagram would be laying off 11,000 workers across the world, or 13% of the staff, caught the company’s Indian employees off guard.
Although no country-specific figures is yet to be made public, Meta’s India crew is hunting for hints about their future.
The impacted employees will receive a severance payout from Zuckerberg that includes 16 weeks of base salary plus two additional weeks for each year of service.
Company representatives lost communication shortly after Meta CEO Mark Zuckerberg made a letter he had written to employees disclosing the job cuts public. The impacted employees will receive a severance payout from Zuckerberg that includes 16 weeks of base salary plus two additional weeks for each year of service.
One of Meta’s technical team members, Raju Kadam, said that in his 16 years in the United States, he has never experienced a job loss. Kadam said that he holds an H1-B visa. However, his time of return from the United States began the day he got laid off. He continued that despite witnessing the 2020, 2015 (oil), and 2008 recessions while living in the US for 16 years, he had never lost his job adding that his US-born sons’ lives will be impacted as a result.
The major job losses at social media company Twitter happened a week before the layoffs at Meta. Around 7,500 workers have apparently been let go by Twitter as part of a cost-cutting initiative, including more than half of its employees in India.
Meta has let off 11,000 workers or nearly 13% of its workforce. The cuts were a result of overhiring during the pandemic, according to CEO Mark Zuckerberg
Meta has let off 11,000 workers or nearly 13% of its workforce. The cuts were a result of overhiring during the pandemic, according to CEO Mark Zuckerberg. He cited a fall in e-commerce, the general economic slowdown, increasing competition, and a decline in ad sales which is the company’s main source of revenue in a message to employees that was published on the corporate website.
The American company Meta Platforms, Inc., doing business as Meta and formerly known as Facebook, Inc., is a global technology company, located in Menlo Park, California. The firm is the owner of Facebook, WhatsApp and Instagram. The firm is one of the most valuable corporations in the world. Along with Alphabet, Apple, Amazon and Microsoft, it is regarded as one of the Big Five American technological giants.
