Part 4/8:
Increased Layoffs and Corporate Restructuring
Tech companies are not insulated from this wave of layoffs. Meta (formerly Facebook) has declared another round of performance-based cuts, where employees failing to meet expectations by early February risk losing their roles. This move underscores a broader trend of companies taking drastic measures to improve profitability.
While redundant employees can expect generous severance packages, the psychological impact of being laid off is significant. Finding new employment in an industry facing similar cutbacks only compounds the challenges ahead.