Meta, Google plan to cut costs

Meta and Google are both getting rid of employees, but they aren't calling the move layoffs. The Facebook parent is working to "reallocate resources," meaning employees are being asked to apply for other jobs inside the company. But the end result is the same. Google is taking the same tack. Typically Google gives employees 60 days to apply for other internal jobs when their position has been eliminated. If you don't find something...there's the door. Mark Zuckerberg said in town hall, "Realistically, there are probably a bunch of people at the company who shouldn’t be here." That's not exactly soft-pedalling it. Snap is cutting 20 percent of its workforce as well, but it's not trying to avoid the L word. The company even predicted that the slowdown will likely last well into next year. In other words, time to look for something new. Still believe in job security? Let's talk. #layoffs #facebook #google

I have a question... what staff are they cutting? I work in the engineering circle. I have met people who have worked at major tech companies. Google, Apple, IBM, Microsoft, etc. I have sent tech support requests to them and gotten responses from real people, also. But I have never, ever met or interacted with a single real person from Facebook. Not ever. Not in real life and not even a response to numerous complaints and support requests I have had or to argue my case for multiple completely innocuous posts that were taken down (and direct threats of violence from others that weren't). It's hard for me to believe that any real people even work at facebook. It's one of many reasons I haven't touched my fb account in almost a year now and have no plans to ever touch it again. #facebook #nevergoingback https://lnkd.in/ethJN-QU

Google and Facebook parent company Meta are both cutting staff positions in a bid to slash costs, according to reports.

Meta and Google are both getting rid of employees, but they aren't calling the move layoffs. The Facebook parent is working to "reallocate resources," meaning employees are being asked to apply for other jobs inside the company. But the end result is the same. Google is taking the same tack. Typically Google gives employees 60 days to apply for other internal jobs when their position has been eliminated. If you don't find something...there's the door. Mark Zuckerberg said in town hall, "Realistically, there are probably a bunch of people at the company who shouldn’t be here." That's not exactly soft-pedalling it. Snap is cutting 20 percent of its workforce as well, but it's not trying to avoid the L word. The company even predicted that the slowdown will likely last well into next year. In other words, time to look for something new. Still believe in job security? Let's talk. #layoffs #facebook #google

WSJ News Exclusive: Facebook parent Meta has begun quietly cutting a significant number of staff as it looks to reduce costs by at least 10%, people familiar with the plan say.

We reported that companies have begun their annual performance reviews with the end result of a certain number of employees being shown the door. Other companies are just plain cutting staff. Both Google and Meta have started to designate employees for re-employment. What that means is that those so designated have a window of opportunity to find other jobs within the company or else they are terminated. That window is about 30 days long, but it is rumored that Google may have extended it to 60 days. Others are sure to follow as Q3 comes to a close in the next 10 days. #economy #terminations #layoffs #rightsizing

As it disbands teams, Meta gives affected employees 30 days to find a new role within the company. The only problem is there aren't enough roles for everyone. Just don't call it layoffs. With jeff horwitz and Miles Kruppa

Companies (especially in #technology sector) has been practicing #quietfiring much longer than #quietquitting. https://lnkd.in/e_FBa8-8

The dirty little secret is layoffs are coming. Each day we read more have been planned. But the announcements are surreptitious, under the radar, and media isn't putting the total of the planned announcements together since that might look like we're in something less than a 'sturdy and sound economy.' https://lnkd.in/gyn5kq7n