MetaNow ‘rescinds’ full-time job offer amid recession fears

As layoffs deepen into the new year, Meta (formerly Facebook) has reportedly rescinded full-time employment offers to some people, a first for the company since it has made job offers ever since in its history. didn’t take it back

According to tech writer Gergely Oroz, Meta has rescinded job offers in London, “as I’ve confirmed with affected developers. New grads with offers starting in February have been withdrawn wholesale.” I know about 20 people so far.”

“This is the first time I’ve learned that META is withdrawing signed, FTE (full-time employment) offers,” Oroz said in a tweet.

So far Meta’s position was that FTE offers “are not at risk, even as of a week ago”.

According to Orosz, in October of this year, recruiters made it clear to candidates concerned about their meta offers that these were secure.

The worst layoffs in the global tech industry, with 11,000 workers affected by Meta India Reliable sources said on Wednesday that the teams have also marginally

In one of the worst lay-offs ever in the tech industry that saw 11,000 employees laid off, Meta founder and CEO Mark Zuckerberg fired about 13 percent of the global workforce in November last year and through the first quarter of 2023. Extended the hiring freeze until.

Zuckerberg said that as a severance measure, the company would pay 16 weeks of basic pay “without limit,” with two additional weeks for each year of service.

“Outside the US, support will be similar, and we will soon be following separate procedures that take local employment laws into account,” he said.

Triggered by Twitter, several tech companies such as Amazon and Salesforce have laid off thousands of employees amid fears of a global economic recession in 2023.

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(This story has not been edited by News18 staff and is published from a syndicated news agency feed)