Immigration Help, Health Insurance, 16 Weeks Base Pay: CEO Zuckerberg’s Message to Meta Staff After One of the Year’s Biggest Layoffs

Facebook parent Meta chief executive officer (CEO) Mark Zuckerberg has laid off more than 11,000 employees, about 13 per cent of its global workforce, in what he termed as “some of the most difficult changes we’ve made in Meta’s history”.

The Meta boss outlined his plans to make the company “leaner and more efficient” via reduction in spending, a cut in real estate, a hiring freeze and “a meaningful cultural shift in how we operate”.

In a blog post on the company’s official newsroom, Zuckerberg said: “I want to take accountability for these decisions and for how we got here. I know this is tough for everyone, and I’m especially sorry to those impacted.”

“Many people predicted this would be a permanent acceleration that would continue even after the pandemic ended. I did too, so I made the decision to significantly increase our investments. Unfortunately, this did not play out the way I expected,” he wrote.

In a message to employees, Zuckerberg added that the company will pay 16 weeks of base pay plus two additional weeks for every year of service with no cap to all employees who are impacted.

Also, the company will give “dedicated immigration specialists” to those who are working for Meta on a visa and will likely be affected by the layoff.

“I know this is especially difficult if you’re here on a visa. There’s a notice period before termination and some visa grace periods, which means everyone will have time to make plans and work through their immigration status. We have dedicated immigration specialists to help guide you based on what you and your family need,” Zuckerberg said.

Here’s a close look at the key points from Zuckerberg’s statement.

Health insurance. We’ll cover the cost of healthcare for people and their families for six months.

Career services. We’ll provide three months of career support with an external vendor, including early access to unpublished job leads.

By Times Now Digital
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