Meta announced layoffs of 13% of its workforce. The total number of unemployed Meta employees is about 11. Later, Mark Zuckerberg issued an explanation. He claims that all workers will be properly compensated. However, many employees took aim at the company's CEO, Mark Zuckerberg, on the anonymous forum Blind. There are many negative comments directed against Zuckerberg and the Metaverse. They claim that the Metaverse project is dragging Meta to a slow death.
The day Meta announced the release, many people wrote to Blind. A user who identified himself as a senior software developer posted: “The meta universe is dragging us to a slow death. Zuckerberg can destroy a company on his own, just by using the Metaverse.” The dismissal was compared to the "Hunger Games". Another user said: "The future of Meta is full of uncertainty."
Employees can anonymously voice complaints about their employers on Blind. But before joining, users must provide their work email address, job title, and employer. In this way, Blind can "assess" the plausibility of a post, because when Blind lists a user as a Meta contributor, it's authentic. However, sometimes users' employment status is not officially confirmed. This means that Blind cannot verify the position that these users hold. Blind says it occasionally prompts users to re-verify their accounts.
Blind's data comes from Meta staff
Rick Chen, Head of Public Relations at Blind, explained: “Almost all comments on our platform are written by current employees of various companies. This is because people often don't have access to Blind after they've been made redundant or made redundant.'
Since 2020, Meta employees have posted nearly 6000 company reviews on Blind. The company's overall rating is 4 out of 5. The self-proclaimed Meta engineer gave the company five stars. He claims the company has "talented colleagues," a "great company culture" and a long "list of perks." But on the day he was fired, the engineer added that Zuckerberg was taking the company in the wrong direction.
One user, who identified himself as a data scientist at Meta, said Meta needed layoffs at the executive level, adding: "Management has no clue, mistaking wrong actions for progress."
A person who says he works in talent scouting gave Meta four stars. He acknowledged that the company is "one of the best places to work." He adds that "Zuckerberg is not afraid to take risks (which is both good and bad)."
«Погане керівництво топить корабель», — написав інший, який представився як старший технічний менеджер програми. Він стверджує, що Мета має такі переваги, як «високі зарплати», переваги та талант, але також багато «недоліків». Погані аспекти включають «відсутність підзвітності на рівні директора і вище. Він також стверджує, що віцепрезиденти та директори просто витягують прибуток компанії, не додаючи жодної вартості.
He added: “I thought it was a data-driven company. But in reality, this is a company driven by personal intuition and emotions. No one can change Zuckerberg's decision." Another engineer gave the company only one star. He describes the mass layoffs as "the worst in history." "Given the big layoffs, I wouldn't advise anyone to work there until the stock price fully recovers," he adds.
However, not all Meta employees have a negative attitude toward Zuckerberg. A former employee who was recently fired said he found Zuckerberg's handling of the layoffs "humane."
Post-termination incentives/compensation
- Severance pay: Meta will pay 16 weeks (four months) of basic salary. She will also be paid two additional weeks per year of service
- Paid time off (PTO): Meta will not reimburse all time remaining from paid leave
- Restricted Shares (RSUs): On November 15, 2022, all victims will receive an award
- Medical Insurance: Meta will pay the medical expenses of the affected workers and their families for six months
- Medical Insurance: Meta will pay six months of medical expenses for affected employees and their families
- Career counseling: Meta надає тримісячну підтримку кар’єри зовнішнім постачальникам. Це включатиме ранній доступ до неопублікованих потенційних клієнтів
- Immigration Support: Meta will help if you have any immigration issues.
Zuckerberg says the layoffs are at least not as messy as Musk's
After firing over 10 employees at Meta, Mark Zuckerberg took a swipe at Elon Musk. At a recent staff meeting, he argues that at least Meta's layoff isn't like Twitter. He says, “At least we're not like Egypt. Elon Musk has messed up Twitter so badly." Zuckerberg and Musk are not friends. They are strong critics of each other. It was not easy for the CEO of the company to tell the employees that they had lost their jobs. In total, Musk and Zuckerberg laid off nearly 000 employees last week.
Musk laid off about 3700 employees, while Zuckerberg laid off 11. Zuckerberg says that different companies approach layoffs differently. He argues that careful planning is essential. He also adds that Musk didn't have time for the kind of meticulous planning that many other companies like Meta do. If you don't think about getting rid of it, chaos can happen, he claims. He also says that even after serious reflection, Meta still has many questions to answer.
At this time, no Meta employee is insured. The company says it can't "promise". Meta is one of several tech companies that have begun mass layoffs in recent months. Earlier this year, Snap said it would cut 20% of its workforce. Ride-hailing giant Lyft has just laid off 700 employees. Fintech giant Stripe has laid off 14% of its staff, or about 1000 people.