According to recent reports, around 12,000 employees might lose their jobs as Facebook plans to quietly fire them. The reason behind this is reportedly to reduce its costs amid the economic plunge. Read the entire article to understand the reasons behind this action taken by Meta.
About the firing
“It might look like they are moving on, but the reality is they are being forced out,” the employee told Insider. Zuckerberg mentioned during the last Meta earnings call that “Our plan is to steadily reduce headcount growth over the next year. Many teams are going to shrink so we can shift energy to other areas.” Only the underperforming employees will be fired said, Mark Zuckerberg. Meta has a “long practice” where employees whose roles are eliminated are subject to termination if they can’t find a new job internally within a month.
About Meta
Meta is the parent company of Facebook and it also owns Instagram and Whatsapp. Headed by Mark Zuckerberg, the company provides people with a platform where they have the chance to be themselves and express themselves in the most realistic way possible. With its strict rules and code of conduct, the company has curated a safe place for people where they do not have to worry about anything. They can exploit their potential and let the world see how talented how they are. Facebook, Instagram, and Whatsapp are among the most used social media platforms all around the globe because these apps give people a chance to build a social connection with others who live far away.
About Mark Zuckerberg
Mark Zuckerberg is the individual who brought Facebook into this world. He is currently heading Meta which is the parent company of Facebook and is also the owner of WhatsApp and Instagram. Mark Zuckerberg has gone to Harvard University, and he made this app with 2 of his other friend. Facebook was earlier called FaceMash but then its name was changed to Facebook in the year 2003. Facebook was an instant hit among all generations. People started making their profiles and started becoming active in posting as well as using the app to see other posts. It was an extremely fun app for people to connect with their long-lost friends and also to keep in touch with each other’s lives. Mark Zuckerberg has also been mentioned in Forbes magazine multiple times under the billionaire’s list. He has managed to make his mark on the map and the world knows him as the creator of one of the most successful social media platforms in the world.
