A big round of layoffs will affect about 4,000 employees at Meta today.
This layoff won’t be restricted to Facebook alone. It is predicted to affect a number of technical staff on other Meta-owned services like Instagram, Reality Labs, and WhatsApp.
This choice follows the declaration made by Meta CEO Mark Zuckerberg in March that the business would eliminate 10,000 more jobs in the near future. The new lay off will make the number of retrenched employees to reach 15,000 since the last layoff in November 2022.
Although the corporation has offices in South Africa and Nigeria, where some of its engineers work, it is still unknown if African countries will be affected.
Meta is undertaking strict cost-cutting measures, just like other significant IT companies.
These layoffs are part of Mark Zuckerberg, the company’s CEO’s plan for a “year of efficiency” in 2023. “Over the next couple of months, our leaders will announce restructuring plans focused on flattening our orgs, canceling lower priority projects, and reducing our hiring rates,” said Mark Zuckerberg in a statement on Facebook in February.
The notice concerning the layoff stated that “some countries will not be affected,” but Meta’s head of people, Lori Goler, did not provide any additional information.
However, there is still more ambiguity because Meta has scheduled additional job layoffs for May, which will have an effect on the company’s commercial operations.