Cloud-based software provider Salesforce reduced staff by less than 1%. The move was less drastic than those implemented by tech peers. Read More...
TheStreet.com
Meta Offers Generous Severance Package
The 13% reduction in the staff at Meta Platforms was not a surprise as tech giants have forecasted lower revenue growth as advertising dollars shrink. The CEO of Meta Platforms , Mark Zuckerberg, made the decision to lay off 11,000 of the company’s 87,000 employees, but is offering over three months of severance pay and six months of health insurance coverage for those affected. “I know this is tough for everyone, and I’m especially sorry to those impacted,” Zuckerberg added.
