Meta’s Another Round Of Cutoff- Over 1000 Workers Will Impact By It: It seems to be the season for layoffs. Many well-known companies have cut off their employees as a cost-cutting measure. Now another big multi-social media platform has announced a new round of layoffs of its staff.
Meta is a famous social media company that is the parent to popular social media used by a wide range of people worldwide such as Facebook and Instagram. This platform provides jobs to a large group of workers. However, to match the trend of ongoing layoffs, the company has announced many rounds of the cutoff of its employees.
In the last round of Meta’s layoff, almost 13% of its employees lost their jobs, which are over 11 thousand of its workers. That was the most significant cut-off ever done by that social media platform. This company now has a new plan to lay off its employees to reduce the cost. In its new round of layoffs, more than 1000 of workers are yet to be removed by the company within the end of this week.