New Delhi: Facebook’s parent company Meta had laid off 11,000 employees some time ago citing financial constraints. The company said it lacked budget. Not only this, there may be a situation of retrenchment of employees in the coming days as well. Here another employee is being laid off, while on the other hand Meta CEO Mark Zuckerberg is increasing his allowance. Mark Zuckerberg has made a big increase in his security allowance. This amount has reached 14 lakh dollars.
Earlier $ 40 lakh i.e. about Rs 33 crore was being spent on the security of Mark Zuckerberg. This amount has been increased to 14 lakh dollars i.e. about 115 crore rupees. Meta will spend Rs 1,15,87,07,200 only on Zuckerberg’s security. Citing revenue where Facebook recently laid off more than 11,000 employees, the company has also frozen hiring. At the same time, there has been a bumper increase in the security fund of Mark Zuckerberg. Significantly, Mark Zuckerberg’s net worth is $ 61.9 billion. He is the 16th richest billionaire in the world.
Significantly, there was a big decline in Facebook’s profits. The company’s profit fell to $4.4 billion. The company’s revenue fell to $27.71 billion. After this decline in the company’s income, the sword of retrenchment hung over the employees. The company fired 11 thousand employees. There may be some more layoffs in the future as well. Mark Zuckerberg’s move drew a lot of criticism.
