Facebook changed its name to Meta in October 2021; that day is today, from an ordinary social media company to that of Mark Zuckerberg inverted dreams he hunts. However, the unchecked growth experienced during the pandemic negatively impacted Meta as with any technology company, apart from that the company’s push for the metaverse and the loss of reputation magnified the effects of the loss.

As a result, Meta is one of the companies that has laid off the most people in the industry. To date, a total of 21,000 employees have been laid off as a result of the downsizing. Statements of layoffs refer to Horizon Worlds, the metaverse universe for which Meta changed its name. Even the employees don’t believe it showed. This time, however, the leaks were made by those still on the job, not those who were fired.

Zuckerberg, who laid off 21,000 people as part of austerity policies: We are in a different world now, I made these decisions

Zuckerberg announced live that 11,000 people have been laid off. Apr 2022, @CNBC

Mark Zuckerberg, who held a session on Thursday morning, April 20, 2023 to answer employee questions. “We are now in a different world And I had to make some changes, but I made those decisions. said. A day before Zuckerberg’s announcement, Meta laid off another 4,000 employees. With that, the tension that current employees experienced due to previous redundancies has passed its peak.

On the other hand, Zuckerberg stated early this year that 2023 It will be an “effective year” was expressing. Zuckerberg said he understands the anger and disappointment of the employees and said the following about the austerity policies:

“People want to know whose fault it was, they look for things to blame or mistakes. However, it is clear that at some point you cannot be in the ‘continuous growth process’, this is a natural situation. You want to change your strategies when you are not in a fast growth process. Last year was a warning sign and our growth was significantly slow — it was the first year that our year-over-year growth was negative. We will grow at a more normal pace in the future.”

Judging by Zuckerberg’s statements, the downsizing, backsliding policies and layoffs were unexpected. However, it is also normal for him to indicate that this unexpected situation is natural and expects understanding from his employees.

Meta, to every laid-off employee 4 months salary and 2 weeks salary per year worked until dismissal making the payment. In addition, many technology giants pay for the insurance benefits of the laid off people. for periods of 3 to 6 months keeps doing.