Meta joins Microsoft & Google in offering voluntary exit to staff

New Delhi: Meta is reportedly preparing a voluntary redundancy programme for nearly a third of its workforce in France, joining other major technology companies, including Microsoft and Google, in offering employees exit packages amid changes in the global tech industry.

As per a report from French publication La Lettre, the Facebook and Instagram parent company is considering the departure of around 100 employees from its French subsidiary, which has a workforce of approximately 300. The proposed exits are expected to take place through a collective negotiated termination agreement (RCC), a French employment arrangement that allows companies and employees to agree on voluntary departures. According to the report, negotiations over the proposed agreement began in July, with November 5 set as the deadline for employees to apply.

The severance package is reportedly designed to encourage employees to opt for voluntary departures. It includes compensation equivalent to 2.15 months' salary for every year of service.

Employees may also be offered up to 10 months of paid career transition leave, during which they would receive 80 per cent of their gross salary.

Additional support, including retraining opportunities and assistance with setting up a business, is also reportedly being considered. When contacted by French business newspaper Les Echos, Meta’s French subsidiary declined to comment on the reported plan.

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