Meta Layoffs 2024 Severance Package. As part of the severance package, meta will pay 16 weeks of base pay and two additional weeks for every year of service, as well as all remaining paid time off. Facebook owner meta unlawfully coerced more than 7,000 former employees to sign confidentiality agreements in order to receive better severance payments, a national.
The tech industry has been rattled by another significant wave of layoffs as meta, formerly. Laid off 11,000 employees in november 2022, the company paid out $975 million in severance—more than $88,000 a person on average.
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