Meta layoff: Here is what 8,000 employees let go will receive as severance package
New Delhi, May 20 -- Facebook's parent company, Meta, has started laying off some eight thousand employees as part of a previously announced restructuring as the social media giant continues to accelerate its push toward Artificial intelligence. The job cuts will affect Meta employees around the world, with those affected in Asian countries receiving the dreaded notification at 4 am Singapore time on Wednesday.
According to a Business Insider report, Meta employees in the US will receive a severance package including 16 weeks or four months of base pay, plus two weeks for every year of continuous employment. They'll also get 18 months of healthcare coverage for themselves and their families, triple the previous amount.
Impacted employee...
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