Thursday, December 8

Tag: Job cut

Nearly Half Of Meta Job Cuts Were In Technology, Reorganisation Underway, Say Executives
Science

Nearly Half Of Meta Job Cuts Were In Technology, Reorganisation Underway, Say Executives

By Reuters Nov 12, 2022, 10:34 AM IST (Published)The executives said that the first mass layoff in the social media company's 18-year history affected staffers at every level and on every team, including those with high-performance ratings.Facebook owner Meta Platforms told employees on Friday that it would stop developing smart displays and smartwatches and that nearly half of the 11,000 jobs it eliminated this week in an unprecedented cost-cutting move were technology roles.Speaking during an employee townhall meeting heard by Reuters, Meta executives also said they were reorganizing parts of the company, combining a voice and video calling unit with other messaging teams.The executives said that the first mass layoff in the social media company's 18-year history affected staffers at eve...