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11,000 employees fired by Mark Zuckerberg's Meta -- Know how it has impacted India team
The worst lay-off in the global tech industry by Meta, which saw 11,000 employees being shown the door, has hit India teams too, albeit marginally, reliable sources said on Wednesday. The India unit of Meta did not immediately comment on an IANS query. Last week, Meta announced that its India head, Ajit Mohan, decided to step down from his role at the company to pursue another opportunity. Mohan has taken over the Indian operations of Snap, which is the parent company of Snapchat, which is growing exponentially in the country, especially among the youth. Meanwhile, Zuckerberg said that as a severance measure, the company will pay 16 weeks of base pay, along with two additional weeks for every year of service, "with no cap". Source: Zeenews #MarkZuckerberg #MetaIndia
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