• Mass Layoff again! Meta to fire 4,000 highly-skilled employees this week

    Business
    Mass Layoff again! Meta to fire 4,000 highly-skilled employees this week
    "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," Zuckerberg added.

    Digital Desk: Meta (previously Facebook) is apparently planning another round of mass layoffs on Wednesday, affecting at least 4,000 highly qualified staff, according to media reports. 

    Meta CEO Mark Zuckerberg stated in March that the corporation would lay off 10,000 employees in the next months. According to an internal memo obtained by The Washington Post, "the company will begin notifying employees on its technical teams whose jobs are being cut."

    According to the article, Meta will also disclose freshly reorganized teams and management levels.

    "Facebook parent company Meta will announce details about new job cuts on Wednesday, as part of a months-long downsizing and restructuring effort that will trim 10,000 employees amid multiple waves of layoffs," The Washington Post tweeted on Wednesday.

    Zuckerberg stated in March that he would lay off an additional 10,000 staff in many phases over the next few months.

    "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," Zuckerberg added.

    The new layoffs come only four months after he laid off 11,000 people, or 13% of the corporation, in November of last year.