hd128hnbUR in  
Frontend Software Engineer  

Meta will be smaller by the end of 2023

But in September, Zuckerberg announced that the company will be smaller by the end of 2023. Recruiters ghosting, offers being rescinded or not offered at all so far. The restructuring is reportedly going to lead to around 12,000 people losing their jobs by the end of next year, thats ~15% of staff.


Officials told directors that at least 15% of their teams should be marked as "needs support" in an internal assessment, aka PIP's for everyone.

Facebook may quietly sack 12,000 employees, 15% of its workforce: report

Facebook may quietly sack 12,000 employees, 15% of its workforce: report

The Facebook parents decision follows similar moves by other tech majors such as Apple, Microsoft and Google. “I had hoped the economy would have more clearly stabilised by now, but from what we're seeing it doesn't yet seem like it has, so we want to plan somewhat conservatively," Zuckerberg told employees during the weekly Q&A session.

economictimes.indiatimes.com
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kfi170uf32Frontend Software Engineer  
These tech execs are really of the same hive mind. Earn your billions, incentivize people with a few dollars until you no longer need them, and dispose of the rest to cut your losses. Get in while you can and milk the opportunity for all its worth when you have it
kvq08NYibc2Software Engineer  
Did you see the potential/impending Twitter layoffs? This pales in comparison tbh. Still sucks though

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