It has been confirmed that Meta, formerly known as Facebook, will be undergoing another round of layoffs in the coming weeks. While leadership has remained tight-lipped regarding the specifics of these cuts, anonymous sources have revealed that the announcement is expected to be made in March, following the disbursement of last year’s performance bonuses.
According to these sources, certain organizations within the company are expected to be cut by double-digit percentages, hinting that the number of employees impacted may be similar to the previous round of layoffs, which saw 11,000 people or 13 percent of the company being laid off.
The news of the layoffs has raised concerns among employees and investors alike, with questions being raised about the company’s long-term strategy and financial health. This move comes amidst a time of major changes and challenges for the social media giant, including increased scrutiny from regulators and the public.
While the company has yet to release an official statement, these reports have sparked conversations and speculation among industry experts and analysts. It remains to be seen what the specific impact of these cuts will be, but it is clear that they will have far-reaching implications for both the affected employees and the future of Meta as a company.
Submit press release, news tips to us: email@example.com | Follow us @ODUNewsNG