Technological Meta -owner of Facebook, Instagram and WhatsApp- announced this Tuesday that it will cut another 10,000 jobs in the coming months and abandon plans to fill some 5,000 vacancies that it had open.
The new layoffs arrive after last November Meta announced the departure of some 11,000 workersabout 13% of its workforce, with the aim of reducing costs.
“This is going to be hard and there is no way to avoid it,” said the firm’s chief executive, Mark Zuckerberg, on Tuesday. when announcing the decision, which he justified by an attempt to make the company more efficient.
Zuckerberg, in a statement, explained that during the next two months the leaders of the different Meta businesses will announce restructuring plans in which low-priority projects will be canceled and hiring reduced.
Given these plans, the company has decided to cut its HR team and will start reporting to affected employees tomorrow.
restructuring and layoffs in the technological area will be announced at the end of April and in the business part towards the end of May, although in some cases the departures may be extended until the end of the year, explained Zuckerberg.
“In total, we expect to reduce our team size to about 10,000 people and closing about 5,000 positions additional vacancies for which we have not yet hired”, he pointed out.
American social media giant announced the first major round of layoffs in November of its history after having increased its size very strongly during the pandemic, a move that many other companies in the technology sector have followed.
In 2022, Meta saw the collapse its profits by 41% in the financial year 2022up to 23,200 million dollars, with a small decrease in its billing and a significant increase in costs.
Like other technological companies, it was affected by inflation, the weakness of the advertising marketthe increase in competitors and the normalization of the demand for digital leisure, which increased extraordinarily after the outbreak of the pandemic.
