#MetaLayoffs

[untoldcoverage]

The Alarming Employment Crisis: How AI and Layoffs Are Reshaping Job Markets 👇👇👇👇👇👇

☝️☝️☝️☝️☝️☝️☝️☝️

[mikemooremedia]

Rockingham County Today, Mike Moore 11.10.22

[webnewsify1]

The most recent wave of layoffs at Meta has begun

Tech workers, who are frequently considered to be more resistant to job cuts in Silicon Valley, are the subject of the most recent wave of layoffs by Facebook parent company Meta, which started on Wednesday. Speaking on behalf of Meta, Nkechi Nneji told CNN that some layoffs that had been previously publicized had occurred on Wednesday. She cited CEO Mark Zuckerberg's March statement that the company would lay off a further 10,000 workers in the coming months. Reorganizations and layoffs in Meta's tech groups would happen in April, according to Zuckerberg's notice. Members of the company's sustainability, well-being, user experience, news feed, and message teams were among those laid go on Wednesday, according to publicly accessible LinkedIn posts. Additional layoffs were announced to the recruiting staff at Meta last month, and it's anticipated that business group reductions will occur in late May. The 10,000 job losses at Meta are part of the company's second recent round of sizable employee downsizing. The corporation said in November that it was making the single-largest wave of layoffs in its history by getting rid of 11,000 jobs, or around 13% of its personnel. According to a securities filing, Meta claimed a headcount of 87,314 in September. With the 11,000 layoffs announced in November and the 10,000 laid off last month, Meta will have approximately 66,000 employees, or a loss of about 25%. Layoffs are a part of Meta's "year of efficiency," according to the firm, which is trying to engineer a turnaround in response to persistent revenue decreases, increased competition, worries about user growth, and significant losses in its Reality Labs segment amid its move to creating the so-called metaverse. Earlier in the epidemic, when there was a high demand for the business's products and online advertising, Zuckerberg has also admitted to overhiring, which led to a slight decline in business once the world was reopened. In some circumstances, the personnel reorganization processes may not be finished by the end of this year, according to Zuckerberg's comments from last month. "As I've talked about efficiency this year, I've said that part of our work will involve removing jobs — and that will be in service of both building a leaner, more technical company and improving our business performance to enable our long-term vision," Zuckerberg said in a statement in March. Next week, Meta is expected to release financial results for the first three months of 2023. According to Wall Street analysts, the company will do so by reporting its fourth consecutive quarter of declining revenue and profitability. Although Zuckerberg's intentions for efficiency appear to have soothed Meta's shareholders, the company's shares were up more than 70% year to far as of lunchtime on Wednesday. Read the full article

[howtrending]

Amgen Layoffs 2023 second wave cuts 450 jobs announced, etc.

[leansixsigmaacademy]

🔰 136,000. That’s how many employees were cut in major U.S. layoffs over the first three months of 2023—more than the previous two fiscal quarters combined, led by massive head count reductions at Amazon, Google, Meta and Microsoft, according to Forbes’ tracker.

Despite massive layoffs continuing at many large companies over the first few months of 2023, the U.S. labor market still managed to add 236,000 jobs in the month of March while the unemployment rate dropped to 3.5% from 3.6% in February, according to Labor Department data—though it was the smallest increase in total employment since December 2020, sparking fears among economists that a recession could be under way.

➡️ Lean Six Sigma is a powerful methodology that enhances employability by improving efficiency and quality. It equips individuals with problem-solving skills, data-driven decision-making, and process optimization capabilities. Organizations across industries value Lean Six Sigma professionals for their ability to drive productivity, reduce costs, and deliver customer satisfaction. By gaining Lean Six Sigma expertise, you can stand out in the job market, unlock career opportunities, and contribute significantly to organizational success. Embrace Lean Six Sigma to bolster your employability and achieve professional excellence.

lean6sigmaacademy #leansixsigma #layoffs #layoff #uslayoff #amazonlayoff #googlelayoff #metalayoff

[h1bvisatransferus-blog]

https://www.h1btransfersusa.com/blog/will-the-layoff-spree-continue-in-2023/ Nearly 16,000 employees have been laid off by 44 startups. It’s not just startups that are laying off people, but also IT services companies. #H1Blayoff #techlayoffs #metalayoffs #layoffspree #layoffforh1bemployees #faqsonh1blayoff

[h1bvisatransferus-blog]

https://www.h1btransfersusa.com/blog/meta-offers-immigration-support-to-h-1b-visa-holders-impacted-by-its-lay-offs/ Meta decided to lay off more than 11,000 of its staff in “the most difficult changes made in Meta’s history”, employees on work visas, for example, H-1Bs presently face vulnerability over their immigration status. #greencard #h1bvisa #h1bvisaholders #immigrationstatus immigrationsupport #metalayoffs #h1bworkes #visagraceperiod #workvisa