Buisness

Another wave of layoffs at Meta will result in the loss of 6K positions

On Wednesday, Meta announced a new wave of layoffs that will affect 6,000 workers worldwide.
These layoffs are a result of Meta being reorganized to save expenses as part of the company's so-called “Year of Efficiency,” according to TechCrunch.
The business divisions of Meta were impacted by the third wave of layoffs.
Mark Zuckerberg, the founder and CEO of Meta, said in March that the business will eliminate 10,000 positions in two waves of layoffs in late April and late May.
In a Facebook article, CEO Mark Zuckerberg said that altogether, “we expect to reduce our team size by around 10,000 people and to close around 5,000 additional open roles that we haven't yet hired” during the business's “year of efficiency”.
In November of last year, Meta had already cut 11,000 employees. At the social network, roughly 21,000 workers have lost their jobs overall across divisions.
Of the 10,000 roles that were originally supposed to be slashed, the computer giant only eliminated around 4,000 last month, possibly leaving roughly 6,000 positions vacant.
Reportedly, Meta's team tasked with eradicating false information came dangerously close to doing so in April.
Meta had around 86,000 workers by the end of 2022.
Since managers are allegedly not allowed to submit new posts with a remote-work option, Meta is also no longer advertising new remote employment.
According to Zuckerberg, Meta intends to relax the employment and transfer freezes in each group after the restructure.

Related posts

Karnataka’s coffee growers breathe a sigh of relief as prices rise and a cup of coffee will cost more

Online sales of the Apple Watch Series 9 and Ultra 2 stopped in the US before the ban; older models cannot be fixed

There is a bumper sale on this phone with a 200MP camera

Having Problems Managing Your Finances? Read These Books For Advice From Experts

In the previous five years, India’s proportion of global exports in labor-intensive industries has decreased: FIEO

The UK’s inflation rate jumps to 9.1%, the highest level in 40 years