https://www.wsj.com/articles/metas-mark-zuckerberg-says-he-is-accountable-as-company-preps-for-mass-layoffs-11667941107 published Tuesday 4:18 PM ET "Meta Platforms Inc. will begin laying off employees on Wednesday morning, Chief Executive Mark Zuckerberg told hundreds of executives on Tuesday. The coming cuts are expected to total many thousands of employees and will likely be the largest of the year to date in the tech sector, The Wall Street Journal previously reported. Mr. Zuckerberg appeared downcast in Tuesday’s meeting and said he was accountable for the company’s missteps, and that his over-optimism about growth had led to overstaffing, according to people familiar with the meeting. Meta’s head of human resources, Lori Goler, told the group that employees who lose their jobs will be provided with at least four months of salary as severance, according to people familiar with the meeting. Mr. Zuckerberg described broad cuts and specifically mentioned the recruiting and business teams as among those facing layoffs. A general internal announcement of the company’s layoff plans is expected around 6 a.m. Eastern time on Wednesday, with the specific employees losing their jobs informed over the course of the morning."
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Last chance to stock up on office supplies
WSJ heard this from their girlfriends friend at Amazon
Brutal. Thinking of all the Meta employees out there.
Tough times 😔
Free laundry coming to an end?
4 months of severance? Sign me up. There’s really no reason to be sad for any of them, 4 months of full time job search is more than enough to secure new jobs. They’ll likely find a job within 2 and can travel for two more months or get double the pay
Depends on the function. Engineers, designers and PMs can get multiple offers in less than 4 weeks but recruiting, account management and other ops roles may take several months.
you are oblivious. no one is hiring. it will take a year or more for people to find jobs and their comp will be 1/2 it previously was. sad all around
Thoughts and prayers for Riley Rojas
Hahaha, imagine if she doesn’t get cut?
She is actually in a business critical role
Intel laid off 20,000 a couple of months ago. The number will be substantial but hopefully not that many. All the best, Meta employees. Please remember you are not your job.
Intel was planning to do so. Don’t know if it materialized yet.
Thanks, Meta; I hope it has not for the sake Intel employees. It's getting to be pretty frightening right now. Good luck tomorrow!
6am eastern? So 3am PST for most employees getting laid off??
No wonder they stopped restocking the snacks
Probably to catch EU people before too late in the day.