Facebook showed 11 thousand employees the way out, know why Mark Zuckerberg took such a decision – Meta has fired 11 thousand employees

11,000 employees fired - India TV Hindi News

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11 thousand employees fired

After Twitter, Mark, the owner of Meta i.e. Facebook, has fired about 11000 employees from his company. According to the information, Mark has also given four months’ salary to the fired employees.

retrenchment of 13% employees

According to the Wall Journal, Facebook’s parent company Meta Inc started laying off from Wednesday. After this news, the employees working in other Meta companies Instagram and WhatsApp have started sweating. Mark told that some such decisions were taken due to which this step has to be taken. Let us tell you that in view of the economic recession fears around the world, it was decided to leave Facebook. According to the information, about 87,000 employees work in Facebook. Of these, 13 percent of the employees were fired.

tik tok and youtube become enemies
Facebook was founded in 2004. This is going to be the first time that instructions have been given to remove Mark employees on such a large scale. The company made a lot of profit during the Corona period. In the month of September of last year, Facebook made a great recovery. At the same time, the shares of Meta have registered a fall of 73 percent in the same year. The companies behind this are Tiktok and YouTube, which compete in social media. If seen in recent months, Facebook users are now moving to Tik-Tok and YouTube. Stopping it has become a daunting task for Mark. Due to these reasons, the revenue of Facebook has been greatly reduced.

These companies attacked the employees
After Elon Musk took over the reins of Twitter, the squabbles within the company have continued. Its most impact has been seen in India. More than half the employees of Twitter in India have been fired. At the same time, rideshare company LYFT has also fired 13 percent employees. Apart from this, the payment processing firm has fired 14 percent of the people. Companies like Amazon and Google have also banned their new restoration.

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