Meta lays off 11,000 people
about.fb.com
Meta lays off 11,000 people
1–10 of 1001 posts
Re: Meta lays off 11,000 people
#2Honest question - what does 'take accountability' and 'take responsibility' actually look like for Zuckerberg here?
Re: Meta lays off 11,000 people
#3> Severance: We will pay 16 weeks of base pay plus two additional weeks for every year of service, with no cap.
̶T̶h̶i̶s̶ ̶i̶s̶ ̶r̶e̶a̶l̶l̶y̶ ̶g̶o̶o̶d̶.̶ ̶I̶f̶ ̶y̶o̶u̶ ̶h̶a̶v̶e̶ ̶w̶o̶r̶k̶e̶d̶ ̶f̶o̶r̶ ̶5̶ ̶y̶e̶a̶r̶s̶,̶ ̶y̶o̶u̶ ̶a̶r̶e̶ ̶g̶e̶t̶t̶i̶n̶g̶ ̶a̶l̶m̶o̶s̶t̶ ̶2̶ ̶y̶e̶a̶r̶s̶ ̶o̶f̶ ̶p̶a̶y̶.̶
I was wrong here. I read it as 16 weeks per each year of service.
Re: Meta lays off 11,000 people
#4> Severance: We will pay 16 weeks of base pay plus two additional weeks for every year of service, with no cap. ̶T̶h̶i̶s̶ ̶i̶s̶ ̶r̶e̶a̶l̶l̶y̶ ̶g̶o̶o̶d̶.̶ ̶I̶f̶ ̶y̶o̶u̶ ̶h̶a̶v̶e̶ ̶w̶o̶r̶k̶e̶d̶ ̶f̶o̶r̶ ̶5̶ ̶y̶e̶a̶r̶s̶,̶ ̶y̶o̶u̶ ̶a̶r̶e̶ ̶g̶e̶t̶t̶i̶n̶g̶ ̶a̶l̶m̶o̶s̶t̶ ̶2̶ ̶y̶e̶a̶r̶s̶ ̶o̶f̶ ̶p̶a̶y̶.̶ I was wrong here. I read it as 16 weeks per each year of service.
5 years => 26 weeks = 0.5 years of pay, right?
Re: Meta lays off 11,000 people
#5> Severance: We will pay 16 weeks of base pay plus two additional weeks for every year of service, with no cap. ̶T̶h̶i̶s̶ ̶i̶s̶ ̶r̶e̶a̶l̶l̶y̶ ̶g̶o̶o̶d̶.̶ ̶I̶f̶ ̶y̶o̶u̶ ̶h̶a̶v̶e̶ ̶w̶o̶r̶k̶e̶d̶ ̶f̶o̶r̶ ̶5̶ ̶y̶e̶a̶r̶s̶,̶ ̶y̶o̶u̶ ̶a̶r̶e̶ ̶g̶e̶t̶t̶i̶n̶g̶ ̶a̶l̶m̶o̶s̶t̶ ̶2̶ ̶y̶e̶a̶r̶s̶ ̶o̶f̶ ̶p̶a̶y̶.̶ I was wrong here. I read it as 16 weeks per each year of service.
Possibly dumb question, but how did you get to two years?
Re: Meta lays off 11,000 people
#6Severance summary:
Severance. We will pay 16 weeks of base pay plus two
additional weeks for every year of service, with no cap.
PTO. We’ll pay for all remaining PTO time.
RSU vesting. Everyone impacted will receive their November
15, 2022 vesting.
Health insurance. We’ll cover the cost of healthcare for
people and their families for six months.
Career services. We’ll provide three months of career
support with an external vendor, including early access to
unpublished job leads.
Immigration support. I know this is especially difficult
if you’re here on a visa. There’s a notice period before
termination and some visa grace periods, which means
everyone will have time to make plans and work through
their immigration status. We have dedicated immigration
specialists to help guide you based on what you and your
family need.Re: Meta lays off 11,000 people
#7Honest question - what does 'take accountability' and 'take responsibility' actually look like for Zuckerberg here?
It means nothing especially with 50% voting shares. The funny thing about these layoffs is how they just go by the C-Suites without even denting their value.
Re: Meta lays off 11,000 people
#8> Severance: We will pay 16 weeks of base pay plus two additional weeks for every year of service, with no cap. ̶T̶h̶i̶s̶ ̶i̶s̶ ̶r̶e̶a̶l̶l̶y̶ ̶g̶o̶o̶d̶.̶ ̶I̶f̶ ̶y̶o̶u̶ ̶h̶a̶v̶e̶ ̶w̶o̶r̶k̶e̶d̶ ̶f̶o̶r̶ ̶5̶ ̶y̶e̶a̶r̶s̶,̶ ̶y̶o̶u̶ ̶a̶r̶e̶ ̶g̶e̶t̶t̶i̶n̶g̶ ̶a̶l̶m̶o̶s̶t̶ ̶2̶ ̶y̶e̶a̶r̶s̶ ̶o̶f̶ ̶p̶a̶y̶.̶ I was wrong here. I read it as 16 weeks per each year of service.
Why is 26 weeks two years of pay?
Re: Meta lays off 11,000 people
#9> Severance: We will pay 16 weeks of base pay plus two additional weeks for every year of service, with no cap. ̶T̶h̶i̶s̶ ̶i̶s̶ ̶r̶e̶a̶l̶l̶y̶ ̶g̶o̶o̶d̶.̶ ̶I̶f̶ ̶y̶o̶u̶ ̶h̶a̶v̶e̶ ̶w̶o̶r̶k̶e̶d̶ ̶f̶o̶r̶ ̶5̶ ̶y̶e̶a̶r̶s̶,̶ ̶y̶o̶u̶ ̶a̶r̶e̶ ̶g̶e̶t̶t̶i̶n̶g̶ ̶a̶l̶m̶o̶s̶t̶ ̶2̶ ̶y̶e̶a̶r̶s̶ ̶o̶f̶ ̶p̶a̶y̶.̶ I was wrong here. I read it as 16 weeks per each year of service.
16 + (2 * 5) = 26
In my book that is 6 month's pay
Re: Meta lays off 11,000 people
#10> Severance: We will pay 16 weeks of base pay plus two additional weeks for every year of service, with no cap. ̶T̶h̶i̶s̶ ̶i̶s̶ ̶r̶e̶a̶l̶l̶y̶ ̶g̶o̶o̶d̶.̶ ̶I̶f̶ ̶y̶o̶u̶ ̶h̶a̶v̶e̶ ̶w̶o̶r̶k̶e̶d̶ ̶f̶o̶r̶ ̶5̶ ̶y̶e̶a̶r̶s̶,̶ ̶y̶o̶u̶ ̶a̶r̶e̶ ̶g̶e̶t̶t̶i̶n̶g̶ ̶a̶l̶m̶o̶s̶t̶ ̶2̶ ̶y̶e̶a̶r̶s̶ ̶o̶f̶ ̶p̶a̶y̶.̶ I was wrong here. I read it as 16 weeks per each year of service.
You're getting 16 + (5x2) = 26 weeks of pay, not (16+2) x 5 = 90 weeks.