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Massive Layoffs Rock Meta Workforce, Leaving Thousands Unemployed
The Meta workforce has been hit with a massive wave of layoffs, leaving thousands of employees unemployed. The layoffs are a result of Meta's restructuring plan, which is aimed at streamlining the company's operations and increasing its profitability.
Meta Company Announces New Round of Layoffs, Affecting Thousands of Employees
On Monday, Meta Company, previously known as Facebook, announced a new round of layoffs that will affect thousands of its employees worldwide. The social media giant announced the decision to restructure the company in order to focus on its metaverse ambitions.
Meta Workers Brace for Impact as Company Initiates Widespread Layoffs
In late December 2021, Meta, the parent company of Facebook, announced that it would initiate a widespread layoff across its workforce. The move was a result of the growing tensions between the company and regulatory authorities in multiple countries, including the United States and Europe. The impasse between Meta and regulators on issues such as misinformation, privacy, and antitrust concerns has led to increased pressure on the company, which has in turn impacted its workforce.