The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Information / Communication Information Service Activities Digital Infrastructure Services 63.11 - Data Processing, Hosting And Related Activities
94 jobs Number of planned job losses
Announcement Date
22 January 2024
Employment effect (start)
22 January 2024
Foreseen end date
Description
Meta, the American parent company of Facebook, Instagram and WhatsApp has announced a plan to cut 94 out of 358 jobs from its workforce in France.
As of January 2024, its unknown which units are affected by the restructuring. However, it is known that the artificial intelligence research teams in Paris will not be affected.
The announced restructuring plan allows for voluntary departures, changes of assignment and career developments. With some employees having voluntarily left the company during the negotiations, the number of dismissals will not be greater than 88 according to an agreement with the Social and Economic Committee.
The restructuring has been brought on by a need to adapt to market developments and simplify organisational structure.
Eurofound (2024), Meta, Internal restructuring in France, factsheet number 201725, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/201725.
Digitisation and automation technologies, including artificial intelligence (AI), can affect working conditions in a variety of ways and their use in the workplace raises a host of new ethical concerns.
The retail banking sector is fertile ground for studying the impacts of digitalisation on work and employment. Financial services are increasingly provided online, without the intermediary of customer-facing institutions.
European labour markets have recovered strongly from COVID-19. By the end of 2021, little more than 18 months after the start of the pandemic, employment rates in the EU were almost at pre-crisis levels.
