• Feedback
  • RSS Feed
  • Sitemap
Ommcom News
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
Odisha News, Odisha Breaking News, Odisha Latest News || Ommcom News
Home Business

Zuckerberg, Wife Lay Off 48 Employees From Their Philanthropic Organisation

OMMCOM NEWS by OMMCOM NEWS
August 11, 2023
in Business

San Francisco: Meta Founder and CEO Mark Zuckerberg’s Chan Zuckerberg Initiative (CZI), which is a charitable organisation, has reportedly laid off 48 employees.

Zuckerberg heads the philanthropic organisation with his wife, Priscilla Chan.

The Chan Zuckerberg Initiative handed pink slips to about 48 staffers this week, according to reports.

The non-profit organisation had a workforce of 450 in 2020, according to the Washington Post. Current staffing levels were not available.

The impacted employees were offered a severance package which includes 16 weeks of base pay, continued health insurance and a $10,000 stipend, according to a report in The 74, a nonprofit news site co-founded by Meta’s vice president of media partnerships, Campbell Brown.

Several affected employees took to Blind, a leading anonymous forum for verified employees, discussing their layoffs.

“Today’s CZI layoff has been a blood bath (Chan Zuckerberg Initiative). Seems like the beginning of the end for CZI education. Sending love to those affected,” an affected employee wrote.

The discussions even started in June, and employees speculated about upcoming layoffs since June 28, suspecting then that cuts would begin in August.

A Blind user commented: “Zuckerberg doesn’t care about philanthropy anymore. Realised from Elon (Musk) that new age billionaires don’t need to donate money to be cool.”

“How the hell would CZI need to lay off? Won’t they have unlimited money anyway?” Another commented.

Zuckerberg and Chan founded the philanthropic organisation in 2015.

At that time, the couple pledged to give 99 per cent of their Facebook shares into the company, which was then valued at $45 billion.

 (IANS)

ShareTweetSendSharePinShareSend
Previous Post

Fight Against Dengue: BMC To Deploy Drones; Fine Households For Not Cleaning Breeding Sources

Next Post

Schools Open, ATM & Bank Facilities Available For 5 Hours In Haryana’s Nuh

Related Posts

Business

Indian Equity Indices End Slightly Lower Ahead Of RBI’s MPC Outcome

September 30, 2025
Business

Air India, Airbus Open Training Centre To Train 5,000 Pilots For India’s Aviation Growth

September 30, 2025
Business

India Set For 6.5 Pc Average Growth Over Next Decade: Morgan Stanley

September 30, 2025
Business

Sensex, Nifty Open In Green As Investors Look For Cues From RBI MPC Meet

September 30, 2025
GDP
Business

Asian Development Bank Forecasts India’s Growth At 6.5 Pc For 2025 And 2026

September 30, 2025
GDP Growth
Business

Crisil Expects India’s GDP Growth To Remain Steady At 6.5 Pc, Another Rate Cut This Fiscal

September 29, 2025
Next Post

Schools Open, ATM & Bank Facilities Available For 5 Hours In Haryana's Nuh

Rs 77 Cr Allocated For Intrusion Detection System To Avoid Elephant Collision In Bengal

Six Killed In Road Accident In TN's Chengalpattu

Khimji
  • Feedback
  • RSS Feed
  • Sitemap

© 2025 - Ommcom News. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ

© 2025 - Ommcom News. All Rights Reserved.