A wave of layoffs continues in the USA: Here's why Indian techies need to worry

| Apr 21, 2023, 08:31:45 PM | TOI.in
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Meta Platforms Inc., the parent company of Facebook and Instagram, plans to lay off thousands of employees in a fresh round of job cuts, according to sources. The move comes as the social networking giant seeks to become a more efficient organization and address mounting regulatory pressure over data privacy and content moderation. The latest layoffs follow a 13% reduction in the workforce in November 2022 and ongoing restructuring efforts to flatten the organization. The decision to cut jobs reflects broader trends in the tech industry as companies seek to adapt to changing market conditions and become more efficient.

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