Zuckerberg wants 2023 to be the ‘year of efficiency’
An economic downturn is reported
Meta has started a new round of layoffs, several sources working at the company told Vox. In an internal message posted on Meta’s employee dashboard, the company announced that the layoffs will begin on April 19 and will affect a wide range of employees across technical divisions, including those working at Facebook, Instagram, Reality Labs and WhatsApp. BTA.
A Meta spokesman confirmed the message had been sent to staff but declined to comment. The cuts could be on the order of 4,000 jobs, according to one of the sources.
Meta staff in North America will be notified via email on the morning of the 19th. Outside of North America, the timelines for the layoffs will vary by country, and some countries will not be affected at all.
Meta has asked its North American employees whose jobs allow them to work from home today to give people “space to absorb the news.”
The cuts come after CEO Mark Zuckerberg announced in March that the company would cut 10,000 jobs in the coming months, after already laying off 11,000 people in November. Zuckerberg previously said the April layoffs would affect technical divisions, while the next round of planned layoffs in May would target business divisions.
At the end of last year, Meta, which is the parent company of Facebook, Instagram and WhatsApp, had about 86,000 employees.
The ongoing layoffs are part of Zuckerberg’s plans to make 2023 the “year of efficiency.” They are yet another reminder that after two decades of near-constant growth, big tech companies like Meta are currently going through an intense period of layoffs and belt-tightening. Silicon Valley as a whole is seeing an economic downturn that has dramatically changed what was once considered a free-spending work culture.
Long gone are the days of unlimited bonuses, travel and permanent staffing, Vox notes.
