This development comes close on the heels of Meta laying off 11,000 employees worldwide, or about 13 per cent of its workforce, as it battles faltering revenue and broader tech industry woes
Director Public Policy Meta India Rajiv Aggarwal too resigned from his position
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The executives said that the first mass layoff in the social media company's 18-year history affected staffers at every level and on every team, including individuals with high performance ratings
The world's biggest tech firms, Alphabet and Microsoft have frozen hiring. Facebook parent Meta has laid off 11,000 employees. Watch the video to know what's behind this crisis.
It is not just Meta which is looking at becoming capital efficient. Alphabet, the parent company of Google and Microsoft have already sent messages that focus will be on increasing productivity
The affected workers have now created a WhatsApp group to share their concerns. A majority of the about 300 people in the group are from India, the report said
Some of the Indian techies, who switched to social media major Meta after quitting their stable jobs just two-three days ago, are among the 11,000 people laid off by the company. Facebook has laid off 11,000 employees across the globe to cut down cost. An IT professional Neelima Agarwal, who joined Meta two days back posted on social media platfrom Linkedin, that she is among the people who have lost their jobs. "Relocated to Canada from india just a week back and joined meta 2 days ago after going through such a long visa process. But the unfortunate sad day has come and i got laid off," she said. Neelime had left her two-year old job at Microsoft Office in Hyderabad to join Meta, according to her LinkedIn profile. After working for over three years at Amazon office in Bengaluru, Vishwajeet Jha said he joined Meta three days back and has been laid off now. "I joined Meta three days back after waiting for the long visa process. Thanks to all the folks who made that transition smo
The number of layoffs in India could not be confirmed
The worst lay-off in the global tech industry by Meta, that saw 11,000 employees being shown the door, has hit India teams too, albeit marginally, reliable sources said on Wednesday.
In October this year, Facebook was unavailable to roughly 3.5 billion users in the world for six hours
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Employees who lose their jobs would be provided at least four months of salary as a severance, according to some reports
The cuts are expected to affect about 10% of the company, which employed more than 87,000 as of Sept. 30, according to Insider.
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Will be first broad headcount reduction in the tech giant's 18-year history