[ad_1]
Facebook Likely to Lay off 12000 Employees – Report Information!! Facebook is likely to lay off 12,000 employees, according to reports. Meta-platform Facebook is reportedly planning a quiet downsizing as global interventions and ad spending are cut. A Business Insider report said that about 15% of the workforce, or about 12,000 employees, will be laid off.
This information was revealed during the weekly question-and-answer session between Facebook employees and CEO Mark Zuckerberg. Specifically, it is predicted that 15% of these people will be placed in a performance improvement program known as PIP.
While Meta is conducting silent layoffs, many people are considered underperforming and some have been given 30 days to leave the company, according to the report. Following Facebook’s layoff move, other tech companies like Apple, Microsoft, and Google have stopped hiring altogether and started issuing pink slips to their employees.
[ad_2]