Meta Announces Another , Round of Layoffs.
'The New York Times' reports that
Meta has announced a planned layoff
of about 10,000 employees. .
The decision by the owner of Facebook and
Instagram will cut its workforce by about 13%.
The layoffs come as part of
what the company's founder, , Mark Zuckerberg, has called a , "year of efficiency.".
In a memo posted on the company's
website, Zuckerberg said the layoffs will
first impact Meta's recruiting team this week. .
In April and May, a further round
of layoffs are expected as the company
restructures its tech and business groups.
According to Zuckerberg, the plan is to streamline
the company by removing layers of management
and rebalancing product teams, among other changes.
According to Zuckerberg, the plan is to streamline
the company by removing layers of management
and rebalancing product teams, among other changes.
The announcement comes just
months after Meta laid off over
11,000 employees in November.
This initial round of layoffs
also largely impacted the company's
business and recruiting divisions.
That cut, like the one
announced this week, reduced
Meta's workforce by about 13%.
That cut, like the one
announced this week, reduced
Meta's workforce by about 13%.
'NYT' reports that last year marked the end of
Meta's unchecked growth as the global economy
and digital advertising markets contracted