Why Meta will lay off about 8 thousand employees on May 20

Home International Why Meta will lay off about 8 thousand employees on May 20
Why Meta will lay off about 8 thousand employees on May 20

Meta, matrix of networks like Facebook, Instagram and WhatsAppwill carry out a new round of layoffs on May 20, and It is expected to affect 10% of its workforce, that is, approximately 8 thousand employees.

The information was confirmed by Bloomberg, which leaked an internal document of Goal this April 23, which is signed by the company’s chief of staff, Janelle Gale.

The memo also explains that this round of layoffs confirms the closure of almost 6 thousand vacancies that were not filled.

The head of personnel would have said that, initially, it was contemplated specify more details before making the official announcement of the layoffs.

However, due to the leak of information by international media, “took the obligation” to confirm the decision to “reduce uncertainty”.

“I know that this is unpleasant news and that confirming it generates concern in everyone, but we believe that it is the best option given the circumstances“says the text.

Gale emphasized that the layoffs are part of “an ongoing effort to run the business more efficiently and to offset other investments“.

Meta added that people who are affected by This round of layoffs will receive compensation of up to 16 weeks of salary.

Added to this are two additional weeks for each year of seniority in the company.

The layoffs will be made official on May 20, the date on which workers will receive notification in their corporate portals. Currently, Meta has almost 79 thousand workers.

Read also: Why generate addiction to networks? Why Meta and YouTube must pay US$3 million to the US

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