Meta Layoffs Top Executives In India 10000 Employees Lose Job In Final Round Of Job Cuts

Meta Job Cuts 2023: Meta, the parent company of social media platforms like Facebook, Whatsapp and Instagram, has once again announced layoffs. The company has decided to show the way out to a total of 10,000 employees in the third round of retrenchment. This retrenchment is a part of the plan announced in March. This retrenchment of Meta has also affected many top officials of India. The company has shown the way out to people working in many senior positions.

These top officers of India were retrenched

The names of many big officers of India are also included in the list of affected employees in the latest round of Meta’s retrenchment. India marketing director Avinash Pant and Saket Jha Saurabh, director and head of media partnerships, have been fired by Meta. News agency Reuters tried to talk to the officials, but no one commented on the matter.

Most layoffs were done in these departments

According to the report published in Live Mint, in this round of layoffs, Meta has made a plan to remove the maximum number of people working in marketing, site security, enterprise engineering, program management, content strategy and corporate communication. Many employees affected by the layoff have shared this information on LinkedIn. Earlier, in November 2022, the company had fired a total of 11,000 people. It is worth noting that after this current retrenchment of Meta, the total number of employees in the company will be equal to the year July 2021. The company did large-scale hiring in the year 2020 during the Corona epidemic. In such a situation, the number of employees had almost doubled.

why meta is laying off

There has been a big decline in Meta’s revenue in the last few months. Along with this, the company has taken this step due to inflation and reduction in digital advertising. Along with this, the company is also trying to focus on Artificial Intelligence by cutting down on its expenditure. It is worth noting that due to the global economic crisis and many other reasons, apart from Meta, many big companies like Google, Microsoft, Amazon etc. have done large scale layoffs in the last few months.

read this also-

Gold Silver Rate: Gold fell below 60,000, silver continues to fall, know how cheap gold has become in your city