Report is coming that Facebook’s parent company Meta is considering reducing about 10000 employees from its team. This will be the second phase of Meta.
What is the whole matter
Meta CEO Mark Zuckerberg said that we plan to reduce the size of our team by approximately 10,000 people. In addition, we are looking to close approximately 5,000 roles that we have not yet filled.
Announcement of second round layoff
Facebook-parent Meta Platforms announced the second round of layoffs on Tuesday. It said it would cut 10,000 jobs in this round of mass layoffs. About 4 months ago, the company had fired 11 thousand employees.
CEO Zuckerberg expressed regret in the message
The company said on Tuesday that it would reduce the size of its recruiting team and lay off more people in its technology group at the end of April. After that, at the end of May, people from the business group will be fired. Chief Executive Officer (CEO) Mark Zuckerberg said, “It will be difficult but there is no other way.”
Facebook founder Mark Zuckerberg said in a message to employees, “I think we should prepare ourselves for the possibility that this new economic reality will continue for many years.” The company last year laid off around 13 per cent of its workforce across platforms including Facebook and Instagram, resulting in 11,000 job losses.