Meta Layoffs: Meta kicks off fresh layoffs, employees with strong reviews among those hit

Share via:



Meta Platforms, on Monday, kickstarted the process to terminate “low-performing” employees by notifying the job cuts as it scours for new talent to dominate the AI race.

Meta notified laid-off employees via email and is providing severance packages to US-based staff, according to Bloomberg News, citing confidential sources. The severance includes 16 weeks of base pay, plus an additional two weeks for each year of service. Employees eligible for performance bonuses will still receive them, and stock awards will be granted as part of the upcoming…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Team SNFYI
Hi! This is Admin.

Popular

More Like this

Meta Layoffs: Meta kicks off fresh layoffs, employees with strong reviews among those hit



Meta Platforms, on Monday, kickstarted the process to terminate “low-performing” employees by notifying the job cuts as it scours for new talent to dominate the AI race.

Meta notified laid-off employees via email and is providing severance packages to US-based staff, according to Bloomberg News, citing confidential sources. The severance includes 16 weeks of base pay, plus an additional two weeks for each year of service. Employees eligible for performance bonuses will still receive them, and stock awards will be granted as part of the upcoming…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi

Team SNFYI
Hi! This is Admin.

More like this

Popular