Layoff 2023: The second round of Meta retrenchment begins, 10 thousand employees will be unemployed

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Meta, the parent company of Instagram, WhatsApp and Facebook, has once again made a big announcement saying that the company is preparing to lay off more than 10,000 people. Let us tell you that if this happens, it will be the second round of retrenchment in Metta, remember that last year in November 2022, Metta had shown the way out of the company to 11,000 employees in the first round of retrenchment.

Let us tell that in the first round of the company, this decision to remove 11 thousand people was 13 percent of the total employees. This means that very soon, once again the sword of retrenchment is hanging over the people working in Meta. Meta Layoff 2023: Mark Zuckerberg’s Message to Employees Company CEO Mark Zuckerberg said in a message to employees that I think we should prepare ourselves because this economic downturn could continue for the next several years. Zuckerberg’s It has to be said that the corporate world has had to decide to cut jobs on a large scale due to the increase in interest rates in America due to the concern of economic recession.

In the US, from Wall Street banks such as Goldman Sachs and Morgan Stanley to Amazon and Microsoft, several large companies have decided to undertake massive layoffs. What is the reason for retrenchment The reason for taking the decision to retrench on a large scale once again is that the company is facing an economic downturn.

Even before this, when the first round of layoffs began in the company in November, the company’s CEO Mark Zuckerberg had said that due to the decline in the company’s revenue, a tough decision has been taken to fire the employees. Meta, lost job from Google, 63 percent of employees now trying their hand at business Performance rating disrupts the game

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