Meta has initiated another round of significant layoffs, impacting nearly 8,000 employees globally, with notifications starting in Singapore. While many are let go, over 7,000 will transition to AI initiatives. The company is providing immigration guidance and severance packages, including 16 weeks’ pay plus two weeks per service year, and 18 months of COBRA coverage for affected staff.Meta has initiated another round of significant layoffs, impacting nearly 8,000 employees globally, with notifications starting in Singapore. While many are let go, over 7,000 will transition to AI initiatives. The company is providing immigration guidance and severance packages, including 16 weeks’ pay plus two weeks per service year, and 18 months of COBRA coverage for affected staff. Read More
Related Posts
‘Pandal will collapse’: Announcement that may have triggered Kolkata stampede; watch
A stampede occurred at the Chorbagan Durga Puja pandal, leading to 19 fatalities and multiple injuries. Panic ensued after a…
NY mayor hires Lina Khan who went after Amazon, Meta and Google in her days as FTC head
New York City mayor Zohran Mamdani has roped in Lina Khan to lead the board of directors for the New…
Pakistan chaos: PCB seeks answers over Rizwan, Imam picks as Misbah quits committee
Pakistan Cricket Board seeks explanation from its selection committee. The board questioned the rationale behind including Mohammad Rizwan and Imam-ul-Haq.…