Having cut 600 AI researchers, Meta says:
“We are supporting the majority of those impacted in finding new roles at the company. We have spun up a tiger team of recruiters to help this group find the right match for their expertise and land in roles through an expedited hiring process…”
This happens often in tech. Never in banking. I’m not sure what a “tiger team” is, but it’s interesting that tech firms still feel obliged to help their unwanted people into new jobs.
I don’t know what a tiger team is either. I know at least a bank who refers their lay-offs to a company which provides support, webinars, one-on-one tutors, job hunting and cv writing training, opportunities of networking. However it doesn’t change my opinion on that place.
Does really Meta spend much resources in helping hundreds of redundant employees?
Who knows. Maybe a tiger team is three people who make a few calls for an afternoon or so. I think banks traditionally pay for outplacement services, which involve external careers consultants for a few months. They’re not actual recruiters though
Exactly. I still doubt that Meta goes to great lengths to place their ex-employees, but hey, maybe someone confirm this.
It’s 10 years ago and in Australia, so might not be as relevant, but when my team was made redundant from Commonwealth Bank by a cartoonishly evil middle manager seeking to make a short term saving, the bank put real resources into helping each of us finding another role in the bank: external career consultants, CV and LinkedIn advice etc. Their thinking, which makes a lot of sense, is that it was better to try to retain team members who already knew the bank’s systems, processes etc.