The tech industry’s layoffs and hiring freezes: all of the news
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Meta layoffs are starting tomorrow, and they’re going to be bad.
“Many thousands of employees” are set to be laid off, The Wall Street Journal reported, especially on the recruiting and business teams. Mark Zuckerberg is blaming overstaffing based on inflated growth plans, and has said he’s “accountable” for the mistakes. (Safe to assume he will not be getting laid off, though.)
Those who lose their job should be finding out tomorrow morning, and will reportedly get at least four months’ severance.
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