Don’t Call It a Layoff: Big Tech Is Reportedly Using a Trick to Force Employees Out
Meta and Google have asked hundreds of employees to re-apply for jobs in their companies, using restructuring efforts as a way to quietly release employees without announcing mass layoffs, The Wall Street Journal reported.
Affected employees are typically informed that, due to reorganization efforts meant to cut costs, they will be granted a limited period to re-apply for a job in the company, with managers telling the WSJ that the method allows the company to make cuts quietly. At Facebook in particular, sources within the company are expecting much of a planned 10% cost cut to come from reduced staffing.
A Meta spokesperson referred the Daily Caller News Foundation to comments made by CEO Mark Zuckerberg nearly two months ago, where Zuckerberg said the company needed to be “more disciplined,” and announced the company would “steadily reduce headcount over the next year.” The spokesperson did not answer a question asking to confirm the WSJ’s reporting that restructuring was being used to cut employees without announcing layoffs.
“If Facebook does mass layoffs it’ll be cheaper to get a mortgage” — I mean, that’s just a win for America.
— Conor Sen (@conorsen) September 22, 2022
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