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FAANG

Meta Trims Workforce in Strategic Shuffle

Nicole Kristine Jovero
Last updated: October 23, 2024 1:36 am
Nicole Kristine Jovero
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1 Min Read
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  • Meta conducts layoffs across teams
  • High-profile employees affected
  • Company offers reassignments or severance packages

Contents
Reorganization ripplesHigh-profile departuresSeverance or reassignment

Reorganization ripples

Meta has confirmed a new round of layoffs affecting multiple teams across the company. The tech giant frames these changes as part of a broader strategy to realign resources and optimize its location strategy.

High-profile departures

Among those affected is Jane Manchun Wong, a renowned software engineer hired for the Threads team in 2023.

Her departure, along others from Facebook, Reality Labs, Instagram, and WhatsApp teams, signals significant shifts within Meta’s structure.

Severance or reassignment

Some employees face tough choices: accept new positions under different contracts or opt for severance packages.

Reports suggest that affected staff may receive up to six weeks of severance pay. Meta declined to specify the exact number of impacted employees or departments involved.

TAGGED:div5

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