←
Back to Blog
Industry news
11/9/2022
-
XX
Minute Read
From the Great Resignation to the Great Downsizing (Meta/Facebook)
We analyzed LinkedIn data for over 31,000 employees who departed Meta (formerly Facebook) and its subsidiaries from September 2018 to November 2022. Looking across 4+ years of departures from the company puts its recent layoffs into perspective. The layoff of 11,000 employees dwarfs the number of employees who left during The Great Resignation.
Last updated: November 9, 2022
Our analysis showing which companies former Meta employees joined after leaving may provide clues as to where these recent departures will go next. A few patterns in the overall departure data include:
- Over the past four years, the highest attrition Meta has experienced in any given month is 1,686 and in any given year (2021) it is 10,873
- Departures increased 55% in 2021 over 2020 during The Great Resignation, but then attrition slowed in 2022
- Meta employees have been most likely to join other big tech companies like Google, Amazon, and Microsoft
- Departures of employees to rising social media competitor TikTok surged in recent years and may point to where employees go next
You may notice there’s a spike in departures each August. We dived into the data and discovered it’s due to interns leaving the company to return to campus for classes each fall.
Explore departures over time
Some companies like Apple and Google have remained steady destinations for former Meta employees. Others like Coinbase, Airbnb, Uber, Stripe, and Snap have seen periods of intense hiring out of Facebook only to lose their ability to attract Meta employees.
Tip: Type a company name in the search bar below and add multiple companies to compare them over time.
Top destinations for Meta employees
Over the past four years, the most popular destinations for employees leaving Facebook include:
- Amazon
- Microsoft
- TikTok
- Apple
- Netflix
- Stripe
- Snap
The most popular social media companies Meta employees left to join include:
- TikTok
- Snap
- YouTube
- ByteDance
- Discord
- Tencent
Stay tuned for updates as employees join new companies
Over the past four years, Meta employees migrated to some of the world’s most coveted employers. The scale of today’s layoffs is unprecedented, and more departures in a month than the company has seen in 2021. Given the widely respected caliber of Meta employees, we expect that the employees laid off today will soon land their next roles at other prominent technology companies like Google, Amazon and Microsoft or upcoming social media companies. Stay tuned as we follow where these employees ultimately land their next roles.