Fresh layoffs are underway at Meta as the tech giant moves to reduce its global headcount by about 10%. The downsizing is expected to affect close to 8,000 workers, according to Bloomberg.
Employees in Singapore are among the earliest to be notified of the decision.
Meta is set to redeploy approximately 7,000 employees into AI-related functions as part of its wider restructuring plans, according to an internal memo accessed by Reuters. The document, authored by Chief People Officer Janelle Gale, also outlined plans to remove a number of managerial posts.
The latest developments are a reminder that no role is completely immune during an economic slowdown. While layoffs are often beyond an individual’s control, there are several steps employees can take to improve job security and remain financially and professionally prepared.
Here are five practical ways to safeguard yourself against job cuts.
Build Skills That Companies Cannot Ignore
Employees who consistently upgrade their skills are often more valuable during restructuring phases. Companies tend to retain professionals who can handle multiple responsibilities or contribute to high-priority projects.
ALSO READ: Meta Layoffs: Facebook Parent To Cut 10% Jobs On Wednesday, Closes 6,000 Open Roles — What We Know
Focus on areas that continue to see demand, including artificial intelligence and automation, data analytics, cybersecurity, cloud computing, product management, and digital marketing and performance growth.
Maintain An Updated CV And LinkedIn Profile
Many employees only update their resumes after losing a job. That can delay opportunities at a critical time. Keep your CV ready at all times with the latest achievements, quantifiable results, certifications, projects and leadership responsibilities.
At the same time, ensure your LinkedIn profile reflects your current experience and skills. Recruiters often reach out proactively to candidates with strong online visibility.
Explore Secondary Income Sources
The rise of freelancing, consulting, and creator platforms has made additional income streams more accessible than before. A secondary income source may not fully replace a salary immediately, but it can reduce financial pressure during periods of uncertainty.
Stay Interview-Ready
Even if you are not actively looking for a job, staying interview-ready is a smart strategy. The job market can move quickly, especially during layoffs.
Candidates who are mentally and professionally prepared often secure opportunities faster than those starting from scratch.
Build A Financial Safety Net
Layoffs become significantly more stressful without adequate savings.
Financial planners generally recommend maintaining an emergency fund that can cover at least six to 12 months of expenses. This becomes especially important in sectors where hiring slows during downturns.
A financial cushion provides flexibility to search for the right opportunity instead of accepting the first available role under pressure.
ALSO READ: Inside Meta’s Latest Layoffs: Job Cuts, Team Transfers And Open Role Closures Explained
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