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Minister Rajeev Chandrasekhar says tech companies told to make layoffs "soft landings", which means giving enough time for staff to find new jobs
Facebook-parent Meta just let go of 11,000 of its employees. Meta CEO Mark Zuckerberg made the announcement through a message to the Meta employees today.
![Meta sacks 11,000 employees in worst tech lay-off; Zuckerberg releases statement [read now] - Vimarsana News](https://data1.ibtimes.co.in/en/full/690780/mark-zuckerberg.jpg)
In one of the worst lay-offs ever in the tech industry, Meta Founder and CEO Mark Zuckerberg on Wednesday sacked more than 11,000 employees -- about 13 per cent of the global workforce.
Meta has started the major job cut from today onwards and removed 11000 workforces to cut the costs of the company. Mark Zuckerberg said that the company will be paying 16 weeks of base salary along with two additional weeks of salary for each year of service provided to the organisation.