The gifts that Mark Zuckerberg will give to his former employees after firing them from Facebook

The companies dedicated to the most important social networks in the world are going through an unprecedented difficult time. For the first time since the creation of Facebook, the most popular social network in the world, businessman and owner Marck Zuckerberg announced the massive dismissal of 11,000 company workers, which is the equivalent of 13% of Meta’s total payroll.

“Today I share with you some of the most difficult changes we have made in the history of Meta. I have decided to reduce our team size by approximately 13% and part ways with 11,000 of our talented employees.” Mark Zuckerberg said in a message to his employees.

Facebook had announced that hiring at the company was frozen until March of the following year. The creator of the social network lamented the dismissals saying: “I want to take responsibility for these decisions and how we got here. I know this is difficult for everyone, and I am especially sorry to those affected.”

The fundamental reason why there was a massive layoff in the most popular social network in the world is due to the poor results that the company has presented in recent months, which showed a significant drop in business volume and their respective Profits. This added to the fact that last year Facebook has not increased in its new users, contrary to other social networks such as Twitter and Instagram.

However, Mark Zuckerberg made the decision to invest part of his money in starting, in some way, all the people who lost their jobs due to the crisis that the platform is going through. This is why he decided to have a detail with his former employees.

With its employees residing in the United States, the creator of Facebook decided to pay him 16 more weeks of basic salary and two more weeks of salary for each year they have worked for the platform. This in the form of thanks for having worked for Facebook and as an apology for having fired them.

But everything does not end here, since the businessman and precursor of massive social networks stated that he will also pay the medical insurance of the dismissed employees for the next six months. So that people do not have to pay absolutely nothing in health during the next semester.

Tech sector in crisis? Layoffs exceeded 9,500 in October

Managers and presidents of technology companies continue to be pessimistic about the future of the economy. Twitter (by 50%) and Meta (by 13%) decided to reduce costs by drastically cutting their human talent.

Data from the US human resources agency Challenger, Gray & Christmas Inc., They point out that the number of layoffs is reaching the figures of the pandemic and that managers of different companies are very pessimistic about the economic future.

“Tech companies shed the most jobs last month at 9,587, for a total of 28,207 so far this year. This is 162% more than the 10,781 cuts announced during the same period last year.

Tech giants such as Apple, Amazon and Alphabet have announced job cuts or suspension of future hiring. For its part, Twitter, headed by Elon Musk, reduced its human talent by 50%, some 3,700 dismissed employees.

Andrew Challenger, senior vice president of Challenger, Gray & Christmas Inc., commented, “The fourth quarter is historically when most of the cuts occur, as companies finalize budgets and plans. Many companies are anticipating a recession, and with a still tight job market and Fed rate hikes, more cuts are on the way as we enter 2023.”

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The gifts that Mark Zuckerberg will give to his former employees after firing them from Facebook