Meta Will Cut 10% of Jobs on May 20
Introduction
Meta told its workers on Thursday that it will cut about 10% of its jobs. The cuts start on May 20. The company will also close about 6,000 open jobs. Meta said it needs to save money and pay for other things.
Main Body
The company sent a memo to workers. It said the news came early because of leaks. About 8,000 workers will lose their jobs. The company said the wait is very hard for workers. Workers on company forums and an app called Blind showed different feelings. Some called the wait "28 days of hell." Some were happy the company finally said the news. Others felt more pressure to show their work. One worker said they always think they might lose their job. Another worker worried about more work for the people who stay. The company gave details for US workers. They will get 16 weeks of pay plus 2 more weeks for each year they worked. The company will also pay for health insurance for 18 months. Workers in other countries will get similar help. The company will also help with career advice and visa support. More details will come before May 20. Workers asked about company stock. If a worker loses their job before August 15, they will not get the stock. Travel is not stopped for everyone, but team leaders can decide. Some workers asked why the company did not offer voluntary buyouts like Microsoft and Google.
Conclusion
The wait until May 20 makes workers nervous. The company gave some help, but the long wait causes worry about who will lose their jobs.