Job Cut: Meta Platforms is planning layoffs next week, affecting employees in several countries, including the US. Germany, France, Italy and the Netherlands are exempt.
Job Cut: Meta Platforms, the parent company of Instagram, Facebook and WhatsApp, is planning layoffs next week. According to an internal memo, the layoffs will begin at 5 a.m. Monday (US time). According to a Reuters report, according to an internal post written by Meta’s Head of People Janelle Gale, notices will be sent to affected employees in most countries, including the US, starting Monday morning. However, employees in Germany, France, Italy and the Netherlands are exempt from layoffs due to “local regulations.” Layoffs will be reported in other countries between February 11 and February 18. Meta has not made any official statement about this layoff or recruitment process.
Meta had already confirmed that it would lay off about 5% of its lowest-performing employees. However, some positions will be refilled. Gale has called these cuts “performance terminations.” Unlike previous layoffs, this time Meta’s offices will remain open and no additional information will be shared about the layoffs.
Rapid recruitment of machine learning engineers
Meanwhile, Meta is speeding up the recruitment process for machine learning engineers and other key roles. In another memo posted on Friday by Peng Fan, VP of Engineering, Monetization Division of the company, employees were asked to assist in the rapid recruitment process between February 11 and March 13.
Largest layoffs since 2022-23
In the financial year 2022-23, the company laid off about a quarter of its workforce. Whose number was 21 thousand. Since then, now the company is going to lay off a large number of people. Those who are being fired will be informed by February 10. Employees will also be given allowance as per the rules already set.
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