Posted on: Post Date – Fri 11/11/22 3:44pm
New Delhi: Grieving stories of those who lost their jobs at Meta have now been posted on social media, and some from India, affected by the massive layoffs of 11,000 employees worldwide, are now seeking jobs on professional networking platform LinkedIn.
Unlike Twitter, which fired nearly 90% of its Indian workforce, Meta didn’t lay off many employees in India, where its business is currently doing well.
Pragya Singh, the technology source for Gurugram’s Meta, joined the company just six months ago, hit by massive layoffs.
She wrote “affected by recent layoffs” on her LinkedIn bio.
Several other sacked employees from India have also posted about their ordeals on LinkedIn, who joined the company days or months ago.
IIT-Kharagpur graduate Himanshu V moved to Canada to join Meta and lost his job just two days later.
“I moved to Canada to join #Meta, and 2 days after joining, my journey was over as I was affected by mass layoffs,” he posted on LinkedIn.
“What’s my next step? Honestly, I don’t know! I’m looking forward to everything that comes next,” Himanshu said, adding “If you know of any positions or hiring a software engineer (Canada or India), please let me know” .
Sasikala Satheesh, who was also affected by the Meta layoffs, posted: “Unlike usual, I woke up today to the shocking news that my team and I were affected by the layoffs at 11K Metamates.”
Meta’s worst layoffs in the global tech industry hit teams across various verticals in India. Meta has around 400 employees in the country.
Net profit from Meta’s registered entity Facebook India online services jumped to Rs 2.97 crore in FY22 from Rs 1.28 crore in FY21, while its revenue rose 56% to Rs 232.4 crore in FY22, according to business intelligence platform Tofler Rs 1,485 crore starts from Rs 1,485 crore in FY21.
Meta founder and CEO Mark Zuckerberg has said that as a severance measure, the company will pay 16 weeks of base salary, plus two additional weeks of service a year, with “no cap.”
“Outside the U.S., the support will be similar, and we will soon follow up with a separate process for considering local employment laws,” he added.
