Meta cuts another 10,000 jobs in 'year of efficiency'
Facebook owner Meta is almost doubling the number of employees that is laying off that it previously announced, and also plans to leave many further jobs that it has advertised, vacant.
As recently predicted, Meta's new job cuts come after the company laid off 13% of its workforce in November 2022. Together with the latest redundancies, it means Facebook and Meta is cutting 21,000 employees.
Alongside the layoffs, Meta also says that it will be leaving some 5,000 posts vacant. According to BBC News, CEO Mark Zuckerberg has said that the company's recruitment teams will be affected by the cuts.
"We will let recruiting team members know tomorrow whether they're impacted," Zuckerberg said in a memo. "We expect to announce restructurings and layoffs in our tech groups in late April 2023, and then our business groups in late May 2023."
"In a small number of cases," he continued, "it may take through to the end of the year to complete these changes."
Zuckerberg said this in a message to all staff, in which he also described the cuts as "tough," and that they were necessary as part of a "year of restructuring."
The cuts will also affect employees around the world. "Our timelines for international teams will also look different," Zuckerberg said, "and local leaders will follow up with more details."
Facebook and Meta's two rounds of layoffs mean that it now exceeds Amazon's 18,000 redundancies. Given that Amazon has paused construction on it's Virginia second headquarters, there may be more coming from them as well.
Read on AppleInsider
As recently predicted, Meta's new job cuts come after the company laid off 13% of its workforce in November 2022. Together with the latest redundancies, it means Facebook and Meta is cutting 21,000 employees.
Alongside the layoffs, Meta also says that it will be leaving some 5,000 posts vacant. According to BBC News, CEO Mark Zuckerberg has said that the company's recruitment teams will be affected by the cuts.
"We will let recruiting team members know tomorrow whether they're impacted," Zuckerberg said in a memo. "We expect to announce restructurings and layoffs in our tech groups in late April 2023, and then our business groups in late May 2023."
"In a small number of cases," he continued, "it may take through to the end of the year to complete these changes."
Zuckerberg said this in a message to all staff, in which he also described the cuts as "tough," and that they were necessary as part of a "year of restructuring."
The cuts will also affect employees around the world. "Our timelines for international teams will also look different," Zuckerberg said, "and local leaders will follow up with more details."
Facebook and Meta's two rounds of layoffs mean that it now exceeds Amazon's 18,000 redundancies. Given that Amazon has paused construction on it's Virginia second headquarters, there may be more coming from them as well.
Read on AppleInsider
Comments
This guy is VILE!
https://youtu.be/oVj4kZF-Fgk
Now they are into the muscle and bone.
This is not a healthy company.
I support the sentiment. But just to give a perspective from other side, with ATT decimating their ad revenue (Yay!) he had to pivot. It is also well documented that he wants to pivot to something where another company cannot control its fortunes as much as Apple does now. Question still is if metaverse is the answer... but he has absolute control over the company and he's made his choice...
One of these CEOs is not like the other. Apple’s financial health, driven largely by hardware, is a league apart from Facebook’s ad business. How long will Zuck be allowed to flounder
In the booming business of undersea communications infrastructure, it is doing quite well. The Echo and Bifrost cables are decent examples (and have Google as partner). It has others with Microsoft.
Like Google and Amazon, data centers are another example.
Exactly. Real products which don't need spyware to be profitable.
Again, real products. I've been waiting for the era of advertisers masquerading as tech companies to come to an end.