Facebook will again shock the employees, after removing 11000 staff, then preparation for retrenchment.

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Layoffs again in Facebook, Meta is trying to reduce expenses due to continuous loss in business, due to which employees have to bear the brunt

Facebook Layoff: Facebook’s parent company Meta is once again preparing to shock its employees. The company had already shown the way out to 11,000 staff a few weeks ago. Now the company is once again going to lay off the employees. Due to continuous losses in the business, Meta is trying to reduce the expenses, due to which the employees have to bear the brunt.

Whose turn is it now in Meta?
Facebook is also making changes in its leadership. Under this, there is a plan to reduce the role of some leaders and assign them lower-level roles. It was the first layoff by Meta in the company’s 18-year history. And in one stroke 11,000 employees were shown the way out.

The company recently gave bad ratings to thousands of its employees. From this, it is being speculated that the company can now lay off these employees. Meta had rated the performance of 7000 employees below average in the performance review.

According to a Bloomberg report, Meta CEO Mark Zuckerberg announced to make the company more skilled in 2023 and these changes have been made after that. There are indications that the social media giant may be reducing its spending this year.

A source told The Wall Street Journal that poor performance ratings could lead to more employees leaving the company. These bad ratings could be a sign of bad news for the employees. They fear that the company may prepare for another round of layoffs through this. Meta laid off 13 percent or 11,000 of its employees at the end of last year.