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Meta Layoff Update: Zuckerberg Says Sorry to 11000 Meta Employees
Kaustubh Katdare • 1 year ago • 8.4k views
Meta layoff has affected 13% (11,000) of its workforce. In a message to the employees, Zuckerberg put the blame on some of his decisions and economic conditions.
Outgoing employees will get 16 weeks of base + two additional weeks for every year of service, full remaining PTO and other benefits.
Zuckerberg said Meta will shrink company's real-estate footprint and encourage desk-sharing. The hiring freeze will continue till early 2023 with a few exceptions. Read the full letter on the source link below.
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