Meta to Lay Off 10,000 More Employees

Meta layoffs
Photo by Headway on Unsplash

Mark Zuckerberg, co-founder and CEO of Meta, confirmed recent reports that another round of layoffs was looming by announcing intentions to trim its staff by another 10,000 individuals and remove around 5,000 vacant positions that it had not yet filled.

Also, according to Zuckerberg, the business would halt “lower priority projects” since he “underestimated the indirect costs” related to these activities.

As the social networking juggernaut moves forward with what it’s dubbing a “year of efficiency,” the announcement comes just four months after Meta announced that it was reducing about 11,000 roles. In total, this implies that since the end of last year, Meta has effectively laid off — or plans to lay off — around one-quarter of its workforce.

The parent company of Facebook stated that it anticipates the most recent reorganization initiatives to begin in its tech divisions in April, followed by its business units in May.

“In a small number of cases, it may take through the end of the year to complete these changes. Our timelines for international teams will also look different, and local leaders will follow up with more details. This will be tough and there’s no way around that.” Ark Zuckerberg (said in a memo)

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