Here’s how Meta plans to help employees after recent layoffs

Meta CEO Mark Zuckerberg announced that his company will be laying off more than 11,000 employees in the US. Taking responsibility for the layoff, Mark Zuckerberg said in a blog post that he ‘is sorry for those impacted’ and that the company will compensate them and help them get another job. Meta has said those laid off recently will be eligible for 16 weeks of base pay along with two additional weeks for every year of service with no cap. This means those who worked in Meta for five years will get 26 weeks of base pay.

Apart from the pay, employees will also get their Paid Time Off (PTO). All employees are expected to get their payments cleared by November 15.