Great Layoff Happening

[Yugocean]

Meta is going to start a big layoff in few days, this has shocked the employees as well as Zuckerberg fans, but it was expected due to inflation and market fall.

Just last week Elon Musk come into heated limelight after layingoff half of the Twitter employees due to 70% revenue loss, and now Meta's decision has left the people with no option expect to accept that revenue loss is the reason.

Even IRS is hiring now, with a plan to fire in 2024, this is not welcomed by people.

 

[Starmix]

That sickens the employees in Meta Facebook. It is not easy to find active jobs at this time. Hoping FB account members will not be affected. Meta FB is so strict this time.

 

[uptrendfinancialsignal]

The whole world is in economic recession and we expect more layoffs anytime soon.

 

[flower]

The economic meltdown is the major causes of layoff each and everybody understand it.

 

[Shavkat]

This is not a good thing. I am still hoping that the principle of social responsibility will be carried out. It is the owner's responsibility to incorporate this despite the current situation.

 

[Magnus2022]

World economy is shrinking and more challenges are ahead. Many companies are struggling to survive and many will soon file for bankruptcy. It is better for meta to lay off some staff than filing for bankruptcy.

 

[uptrendfinancialsignal]

I'm not surprised with the news because the economy of most of the countries are shrinking and it is as a result of that we witness a lot of layoffs.

 

[eldavis]

Companies are dropping workers all round, i guess things are pretty touch this period in terms of the economy. This is why most workers are told to try get other ways of making money besides their jobs.

 

[Niyi Briggs]

The economic situation world over has forced so many businesses organizations to lay off staff. They have to stay profitable and it is not out of place to take this pragmatic move.

 

[astutimeliana723]

The economic meltdown is the major causes of layoff each and everybody understand it.

That's right I agree with you. The economic crisis is one of the causes of layoffs, massive employee layoffs also occurred here during the covid pandemic. That's the reality, so we shouldn't feel safe with the jobs we have now. Must take preventive action by saving and investing a lot to deal with unexpected difficult times.