There’s more gloom for Meta’s remaining staff as the company has now moved to significantly reduce their benefits.<\/p>\n\n\n\n
The Facebook owner is in the process of shedding 11,000 staff and has now announced new measures for those who remain. <\/p>\n\n\n\n
The perks known as Life@ benefit help workers and their families achieve “personal and well-being goals.\u201d<\/p>\n\n\n\n
Sources said the move will pull back those covered as mental health<\/a><\/strong> and work-life balance needs.<\/p>\n\n\n\n READ MORE: META COULD PULL NEWS CONTENT IF A NEW BILL PASSES<\/a><\/strong><\/p>\n\n\n\n Meta informed staff that their perks would be axed to $2,000 next year, down from $3,000 this year.<\/p>\n\n\n\n A company spokesperson said it “adjusted” the Life@benefit for 2023, noting it was just $750 per year in 2019.<\/p>\n\n\n\n The spokesperson said: “It’s still a significant increase even with the reduction.\u201d<\/p>\n\n\n\n Over the last few months, the tech giant<\/a><\/strong> has canceled several benefits.<\/p>\n\n\n\n READ MORE: ELON MUSK CUTS TWITTER STAFF\u2019S PERKS AND REDUCES EXPENSES AS HE CONTINUES COST-CUTTING<\/a><\/strong><\/p>\n\n\n\n Meta is trying to save money amid rising interest rates, a slowdown in revenue, and fears of recession.<\/p>\n\n\n\n It had laid off 11,000 jobs last month and took away laundry services<\/a><\/strong>, scrapped Lyft subsidy, and rolled back free meals.<\/p>\n\n\n\n More staff cuts are expected next month after completing rigorous performance reviews.<\/p>\n\n\n\n The current $1,000 cost-cutting will help Meta save nearly $76 million a year. <\/p>\n\n\n\n Need Career Advice?<\/strong> Get employment skills advice at all levels of your career<\/strong><\/a><\/p>\n\n\n\n After the November job cuts, the California-based behemoth now has around 76,000 employees.<\/p>\n\n\n\n It joins other companies like Twitter, which has implemented stringent working conditions following wider company-wide job cuts.<\/p>\n\n\n\n New Twitter boss Elon Musk has also sparked controversy for allegedly transforming office space into sleeping quarters<\/a><\/strong>.<\/p>\n\n\n\n The billionaire has also cut perks related to “wellness” and “productivity” as well as those associated with group or team activities and learning opportunities.<\/p>\n\n\n\n Source: <\/strong>Insider<\/strong><\/a><\/p>\n\n\n\n Follow us on <\/strong>YouTube<\/strong><\/a>, <\/strong>Twitter<\/strong><\/a>, <\/strong>LinkedIn<\/strong><\/a>, and <\/strong>Facebook<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Meta is significantly reducing several staff benefits to save expenses after massive layoffs.<\/p>\n","protected":false},"author":5,"featured_media":27677,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1065,1372],"tags":[630,977,753],"class_list":["post-33330","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-us-business-news","category-us-employment-news","tag-benefits","tag-layoffs","tag-meta"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.whatjobs.com\/news\/wp-json\/wp\/v2\/posts\/33330","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.whatjobs.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.whatjobs.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.whatjobs.com\/news\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.whatjobs.com\/news\/wp-json\/wp\/v2\/comments?post=33330"}],"version-history":[{"count":0,"href":"https:\/\/www.whatjobs.com\/news\/wp-json\/wp\/v2\/posts\/33330\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.whatjobs.com\/news\/wp-json\/wp\/v2\/media\/27677"}],"wp:attachment":[{"href":"https:\/\/www.whatjobs.com\/news\/wp-json\/wp\/v2\/media?parent=33330"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.whatjobs.com\/news\/wp-json\/wp\/v2\/categories?post=33330"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.whatjobs.com\/news\/wp-json\/wp\/v2\/tags?post=33330"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}