Facebooks “30-Day” list is getting longer.
Facebook parent company Meta reported a loss for the first time in a decade.
As growth slows down and competition rises, things are getting uneasy for Meta.
According to a report by WSJ, the social media giant plans to cut around 10% of its costs in the coming months.
As per reports last month, Meta fired 60 random workers using an algorithm.
Meta now has the concept of a 30-day list, rather than the traditional layoffs.
Wherein the employees get a chance to get rehired internally instead of directly getting axed.
As per reports, the list is getting longer amid the turbulence Meta has been through this year.
Google is reportedly taking the same approach to workforce reduction, giving employees 60 days to find a new internal role.