Home » News » Meta and Google are curtailing their workforces amid cost-cutting drive

Meta and Google are curtailing their workforces amid cost-cutting drive

fb twitter pinterest linkedin
Meta and Google are curtailing their workforces amid cost-cutting drive-GadgetAny
Mark Zuckerberg

In order to prevent widespread layoffs, companies like Google LLC and Meta Platforms Inc. are reportedly quietly eliminating positions by dissolving teams and divisions.

The impacted employees will have a limited period of time to seek new positions within their company when the divisions are closed, according to a Wednesday story in the Wall Street Journal. Employees who can’t find new jobs are fired.

“Our plan is to steadily reduce headcount growth over the next year. Many teams are going to shrink so we can shift energy to other areas,” Mark Zuckerberg, Meta’s CEO, said on an earnings call in July. “This is a period that demands more intensity,” he continued, “and I expect us to get more done with fewer resources.”Alphabet

The Journal’s allegation was not confirmed or denied by the Meta spokesman Dave Arnold, who instead cited Zuckerberg’s comments from July.

A Google spokeswoman cited CEO Sundar Pichai’s July announcement that the business would decrease the pace of its hiring in a statement. The spokesman stated in the statement that the business continues to hire for “engineering, technical and other important roles” notwithstanding its overall hiring strategy.

“We continue to look for ways we can increase our productivity and ensure we’re focused on our long-term priorities,” the representative said.

According to The Journal, both businesses are restructuring their departments to reduce expenses without formally using employees. Google last week warned Area 120 research division staff that the unit’s initiatives will be reduced in half. Meta said last month that it will postpone this year’s summer intern full-time employment offers.

According to The Journal, firms provide employees whose divisions are eliminated limited windows of time to seek for new positions. While Google provides employees 60 to 90 days to search other jobs within the firm, Meta only allows select employees 30 days.

GadgetAny
Awanish Kumar

By Awanish Kumar

I keep abreast of the latest technological developments to bring you unfiltered information about gadgets.

Leave a Reply

Your email address will not be published.

fifteen − 6 =

Related news