Zuckerberg’s message in internal memo

Zuckerberg informed employees in an internal memo that the company was taking performance management standards to a higher level. He wrote, “We will quickly remove those who are not meeting expectations. This decision has been taken to keep the best people on our teams.”

Employees affected by the cuts will get information and assistance.

Meta said that employees affected by the layoffs will be informed by February 10. They will be provided with a generous severance package, as was done in earlier layoffs. The company also said that if there are optimistic expectations about an employee’s future performance, then they can be considered to be retained in the team.

There had been widespread layoffs before

The move comes after Meta’s previous major layoffs. In 2022 and 2023, Meta eliminated 21,000 jobs, representing nearly a quarter of the company’s total workforce.

Community notes and inclination towards free expression

Last week, Zuckerberg announced that Meta would end its fact-checking program and adopt the “community notes” model of Elon Musk’s Platform X. Zuckerberg said, “Recent elections have shown a cultural shift towards prioritizing speech. As part of this shift, we will focus on reducing errors, simplifying our policies, and restoring free expression.”

Zuckerberg also said in his memo that the company would focus on key areas such as AI, next-generation computing platforms and the future of social media. He called it an “intense and challenging year” and said teams would be empowered with top-performing people.

Related Articles:-

• 8th Pay Commission Rules: Will DA and DR become 0 as soon as the 8th Pay Commission is implemented? Know what are the rules
• Pension Guidelines: Army’s big decision to change name and date of birth in pension payment order
• 8th Pay Commission: When will state employees start getting revised salary? Salary will increase by 186%
• Income tax New Bill: New Income Tax Bill to simplify taxation in India, Likely to be introduced in the budget session of 2025
• Highest FD rate: These banks are giving the highest interest rate on FD, read this news before investing

The post Job Cut: Meta 5 percent Employees Layoff Announcement first appeared on Rightsofemployees.com.

Bad news keeps coming out every day from Pakistan which is facing inflation and cash crisis. After first cutting the pension, now the Sharif government of Pakistan has decided to eliminate 1.5 lakh jobs. Finance Minister of Pakistan Muhammad Aurangzeb announced on Tuesday that the government has decided to eliminate 1.5 lakh jobs to cut costs and increase efficiency. He also said that the government will reduce the number of affiliated agencies by half.

“We are reducing the size of the federal government in a phased manner. So far, 80 departments have been consolidated into 40,” Aurangzeb said at a press conference. He said the government intends to complete these reforms by June 2025. He said 60 per cent of the vacancies were eliminated, which is equivalent to about 1.5 lakh government jobs.

Pension has also been cut

Earlier, the Pakistan government had announced a massive cut in the pension benefits of retired employees and military personnel to reduce the rising pension bill. According to a report in the Pakistani media, three separate notifications were issued, reducing the first-time pension and also changing the basis for determining future pension increases.

Actually, inflation has increased tremendously in Pakistan in the last 4-5 years, and the country is also facing a cash crisis. To deal with the deteriorating economic situation, this neighboring country has requested loans from many countries including the IMF. The International Monetary Fund gave loans to Pakistan but has laid down conditions to cut down government expenditure. For this reason, the Pakistan government is taking decisions like eliminating jobs to reduce expenses.

Related Articles:-

Budget 2025: Govt can make these big changes in tax rules to increase investment

Namo Bharat Metro will run between Ghaziabad and Jewar Airport, Check Details

CGHS New Rules: Government changed the rules for CGHS beneficiaries, check details immediately

The post Job Cut: Pakistan Govt eliminates 1.5 lakh jobs to cut costs – Read full details first appeared on Rightsofemployees.com.

Now the company has planned for the third round of layoffs. According to the report of IANS, in this process of the company, at least more than 2500 employees can lose their jobs (Disney Layoffs). The company has already made it clear that it is taking this step with the intention of cutting its expenses.

Which division will be hit by retrenchment

According to the report, due to the preparation of retrenchment, the company has also started removing many titles, but the jobs of the employees of the park and resort division will be safe. Let us tell you that in the second round of retrenchment of the company, the people working in the television section were hit the most. According to Business Today’s report, after Disney’s third round of layoffs, the number of employees fired by some company will be around 7,000 (Disney Layoffs 7000 Employees).

Disney’s CEO had said this

It is worth noting that Disney Chief Executive Bob Iger announced the layoffs in March 2023, saying that the company is going to lay off a total of 7,000 employees in the next few months. Earlier, Disney had done the second round of layoffs in April 2023, in which a total of 4,000 employees were shown the way out.

Alibaba is also doing layoffs

Technical group Alibaba has also decided to show thousands of employees the way out. According to Bloomberg’s report, the company has decided to reduce its workforce by a total of 7 percent. The company has taken this decision under restructuring. China’s biggest tech conglomerate Alibaba is cutting spending amid sluggish sales and a slowing economy.

The post Job Cut..! Now thousands of people of these 2 big companies are going to lose their jobs first appeared on Rightsofemployees.com.