Meta, the parent company of Facebook and Instagram, has announced plans to lay off around 10,000 employees, which represents approximately 13% of its workforce. This move is in line with the company’s founder, Mark Zuckerberg, objective of a “year of efficiency.” The layoffs will begin with the recruitment team this week, and the tech and business groups will be restructured in April and May. Meta’s restructuring efforts include closing about 5,000 unfilled job postings, and it plans to wrap up an analysis of its hybrid return-to-office model, which began testing last March.
Meta Announces Layoffs of 10,000 Employees to Streamline Operations
This latest announcement is the company’s second round of cuts within the past six months. In November, Meta laid off more than 11,000 people or approximately 13% of its workforce at the time. Mr. Zuckerberg is scaling back employees after years of rapid hiring, during which the company’s family of apps, including WhatsApp, became popular worldwide. The COVID-19 pandemic further accelerated the use of mobile apps, leading to more growth. Meta employed a maximum of 87,000 full-time workers last year.
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