Meta, formerly Facebook, is set to lay off 10,000 employees in the coming months, according to an update shared by CEO Mark Zuckerberg on Facebook. The company will also be closing 5,000 unfilled positions. Zuckerberg revealed that Meta will be scaling back hiring, cancelling low-priority projects, and implementing staggered layoffs as reported by NME.
The CEO added that the recruiting team would be the first to be impacted, followed by tech groups in April and business groups in late May. In his statement, Zuckerberg acknowledged that the layoffs would be tough and difficult, saying that it would mean saying goodbye to talented and passionate colleagues who have contributed to the company’s success.
He promised to support those affected by the layoffs in the same way the company has done before.
Zuckerberg stated that the layoffs would help build a leaner, more technical company that would improve business performance and enable the long-term vision of Meta.
He also recognized that 2022 was a “humbling wake-up call” for the company and the economy, acknowledging that lower budgets and growth may “continue for many years.”
In November 2022, Meta announced that it was cutting 11,000 jobs, equivalent to 13% of its workforce.
Photo: Facebook / @MarkZuckerberg