Meta, the parent company of Facebook, is facing criticism over its human resource management for executing large-scale layoffs while concurrently embarking on a massive hiring spree.
Developments
According to Bindu Reddy, CEO of Abacus.ai, Meta is executing a plan to cut around 10,000 positions. However, in a shocking twist, the tech giant also plans to hire 10,000 new workers over the next three months. Entire organizations (orgs) are being dissolved to make way for new structures.
Why it matters
This move reflects Meta's aggressive shift in workforce restructuring, likely aiming to redirect resources toward priority sectors like AI and Reality Labs. However, this "bloodletting" approach—instead of retraining or reassigning existing staff—is drawing criticism from the tech community for being wasteful and causing anxiety. For the Vietnamese tech community, this serves as a harsh lesson on the cutthroat nature of skill transitions within Big Tech.