San Francisco. Shortly before now, the world’s biggest businessman and billionaire Elon Musk showed the way out of the company on a large scale after the acquisition of social media platform Twitter. Now Facebook (Meta) fired its 11000 employees today, while on 4th November Twitter showed the way out to its 7500 employees. Twitter has laid off around 180 employees in India. Worse times are yet to come. IT companies are about to wreak havoc. According to a report by Outlook, Amazon has frozen hiring, while Netflix and Microsoft are also going to lay off their employees.
Let us tell you that till September 30, a total of 87 thousand employees were working in Meta. On the other hand, if we talk about today, after evacuating more than 11000 thousand people, a total of 13% people have been fired. At the same time, Twitter has shown the way out to 50 percent of its employees. Meta CEO Mark Zuckerberg said on the removal of employees that for the first time in the history of Meta we are going to take the most difficult decision. We have decided to lay off 13% of Meta’s employees. That means around 11,000 employees.
Recession in IT sector? Which companies turn next
Significantly, for the last few months, IT companies have seen a recession-like effect, due to which the retrenchment of employees continues to wreak havoc. From Indian to foreign companies, employees are being laid off everywhere. According to a report by Outlook, Amazon, which is among the big giants, has stopped hiring. At the same time, Microsoft, Snap and Netflix may soon announce layoffs. By the way, since last month Microsoft had shown the way out to its 1000 employees. Netflix fired about 500 employees. Snapchat has laid off 1000 people. There are names of many other companies in this list, which may soon reduce their workforce. One after the other, most of the tech companies are now laying off their employees.