‘Meta reached out to interview me the same week…’: US founder asks what happened to employee retention
Zach Wilson, an American entrepreneur, claimed on Wilson said he was sure at least one of those 8,000 people had the qualities for the role he was contacted for, but the company didn’t hire anyone.“Why do companies expect us to be loyal to them if they don’t even try to retain us when they have hundreds of billions of dollars at their disposal? It would be financially cheaper for them to retain one of those 8,000 people. It would also be cheaper emotionally for those who were let go,” Wilson wrote in his now-viral post.“How do these big tech companies expect people to put in their blood, sweat, and tears to work, while also saying, “Yeah, we’ll cut you off any minute.” I don’t know. The culture around AI and layoffs has become incredibly toxic,” he wrote.Meta announced the mass layoffs of its employees via an email, stating that the reduction in headcount was part of a “continued effort to run the company more efficiently” and thanking them for their contributions to Meta. On Wednesday, about 10% of Metra’s 78,000 employees began receiving notices informing them they were being laid off.“As previously shared, we have decided to reduce the number of employees as part of our continued effort to run the company more efficiently and allow us to recoup other investments we are making. Unfortunately, your role has been eliminated as part of today’s restructuring. Before sharing additional details, we want to thank you for your contributions to Meta. We appreciate the important role you have played in the company’s journey,” the notice in the mail reads. Before going into the details of tenure, holidays, severance etc. is stated.
