![]() ![]() “Outside the US, support will be similar, and we’ll follow up soon with separate processes that take into account local employment laws,” he added.īut LinkedIn has, in the last few months, cut its employees it laid off its global events marketing team in August, However, the affected employees were encouraged to apply for roles on a new internal team focused on creating virtual, hybrid, and in-person experiences. Altogether, he’s offloaded US4.5 billion in Meta. Meta Founder and CEO Mark Zuckerberg had announced that as a severance measure, the company would pay 16 weeks of base pay, in addition to two extra weeks for every year of service, “with no cap”. Meta CEO Mark Zuckerberg has sold stock in the company every weekday of this year, Bloomberg reports. While the revenues grew 56 per cent to about Rs 2,324 crore in FY22 compared to Rs 1,485 crore in FY21. While Meta carried off what is probably the worst layoff in the global tech industry, in India, it went a little slow the company has roughly 400 employees in the country.įacebook India Online Services, net profit, according to business intelligence platform Tofler, the registered entity of Meta, increased by Rs 297 crore in FY22 compared to Rs 128 crore in FY21. However, Twitter has reportedly laid off 90 per cent of its staff in India Meta, on the other hand, has yet to fire many in India as its business is doing well currently in the country. Also, on social media is how those affected are now looking to LinkedIn and asking for jobs on the professional networking platform LinkedIn. Recounting their experience and sad story of being sacked by Meta (11000 employees) has found enough traction on social media. See also Is there a way out of Sri Lanka's strangling economic catastrophe with the help of the IMF and India? Our very own Indian startups and companies have also participated in this trend and sacked thousands of employees. Meta and Twitter are so far leading the trend of massive layoffs, and Amazon, another prominent and significant employer, has also announced that it will be looking to sack employees going forward. Mark Zuckerberg is the founder, chairman and CEO of Meta, which he originally founded as Facebook in 2004. Laid off Employees searching for jobs in LinkedIn Yes, we have all been reading one after the other stories that recount the number of people without jobs. He further added that while layoffs come with their own problems, but it’s also good to see how employees turn to LinkedIn to find their next opportunity they can leverage their network, can search for jobs, can upskill themselves on something new that’s the community that we have built. They’re over-indexing on skills acquired and learning and over-indexing on job seeking. Roslansky, in an interview, mentions that concerning India, there is a lot of activity on the platform hence, LinkedIn’s members in India are over-indexing on networking. ![]()
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