New Delhi: Mark Zuckerberg, CEO of Meta, announced on Wednesday that it is laying off 11,000 employees globally, which is about 13% of employees across many divisions of the company. In a letter to Meta employees, Zuckerberg informed about the layoffs and the next procedures that will be followed.
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“Today I am sharing some of the most difficult changes we have made in the history of Meta. I have decided to reduce our team size by about 13% and let more than 11,000 of our talented employees go. We are also taking a number of additional steps to become a more agile and effective company by cutting discretionary spending and extending the hiring freeze until First Quarter “. Mark Zuckerberg said in a blog post.
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The move sparked a flurry of response among netizens who question whether or not this is the start of a recession.
Here are some responses from Twitteratis:
Meta laid off 11,000 employees!
Are we finally in a recession? – Ishan Sharma (@Ishansharma7390) November 9, 2022
You’re just not putting a person out of their position in your company, you’re removing them from their career paths.
# 11000 #hairstyles #dead
– Deepti Gulati (@Deeptigulati_88) November 9, 2022
Meta laysoff 11,000 “talented” employees.
Times are tough! If you have set. Don’t reach out for referrals or help.
I think each of us should do our best to help each other.#hairstyles #Technique #dead #hairstyles– Arch Goyal (@arsh_goyal) November 9, 2022
This recession hurts so much..#Recession #profession # memes #dead pic.twitter.com/JtVCAivL1h– Nandan (@NandanBilagi) November 9, 2022
“Recession is coming…”# tale #Recession #winter is coming– Rittul (@Rittul1) November 9, 2022
This is how the Twitter user responded.