Significant behemoths such as Microsoft, Google, Amazon, and Meta laid off many staff at the start of this year for various reasons, according to the Insider. While some tech titans admitted to over-hiring during the pandemic, others needed to cut costs to survive. Whatever the cause, thousands of employees and their families paid the price as their lives were drastically altered. People were affected by layoffs every other day, and they came to LinkedIn to tell their tales and hunt for new chances. According to reports, several of these organisations now want to re-hire the employees they sacked previously.
Companies Intend to Re-hire Workers
Meta and Salesforce intend to bring back the people they hired. According to the paper, Sandra Scuer, a Harvard Business School professor, companies that did not handle layoffs properly will have a more difficult time enticing ex-employees to return to their company. However, former employees may return to organisations that took layoffs better. Meta disclosed plans to fire off 11,000 employees in November 2022. In March of this year, the firm announced the elimination of another 10,000 jobs. Thus, 21,000 Meta employees were laid off in a matter of months.
Many Employees also Chastised Meta CEO Mark Zuckerberg for Offering Big Bonuses to Select Senior Executives while Laying Off Others
The CEO of Meta answered that he did so because he was pleased with their performances in “new and expanded roles.” However, the response only partially pleased the employees. On the other hand, Salesforce stated in January this year that it would lay off 10% of its personnel. Our aim for employees departing Salesforce is to fully support them by providing generous severance compensation.
Affected employees in the United States will receive at least five months of pay, career resources, health insurance, and other benefits to assist them in transition. Those outside the United States will receive similar assistance, and our local processes will be by local labour regulations.” In August, Salesforce also laid off several staff in Ireland from the Sales and Customer Success divisions.