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Google, Meta, others cut staff perks amid economic concerns
Major technology firms, including Apple, ByteDance, Microsoft, Google, and Meta, are experiencing a shift in workplace cultures.
Employees report a reduction in perks that traditionally set these companies apart.
Economic concerns led to layoffs at these companies. Meta, for example, eliminated over 11,000 jobs in November 2022, roughly 13% of its workforce.
Employee perks have also decreased, with services like Meta’s free laundry and Google’s complimentary massages being scaled back.
Recent Meta developments
| Timeline |
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16-Nov-2024 📊 Meta aligns Facebook, Instagram with ‘views’ for creators
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14-Nov-2024 📰 Meta to start ads on Threads starting January
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14-Nov-2024 ⚖️ Meta to face trial for anti-competitive acquisitions
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31-Oct-2024 📉 Meta’s Q3 exceeds forecasts while investing in AI
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31-Oct-2024 📉 Meta’s AI cost spike impacts Asian chip markets
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