New Delhi: Facebook’s parent company Meta is going to start the second round of layoffs soon. During this, 10 thousand employees will be fired. Apart from this, it has also been announced to close five thousand additional open vacancies. It is being claimed that this retrenchment will save the company three to five billion dollars.
11,000 employees lost their jobs from Meta in four months. Meta CEO Mark Zuckerberg has also issued a message regarding the layoffs.
Facebook-parent Meta Platforms said it would cut 10,000 jobs, just four months after it let go 11,000 employees; first big tech company to announce a second round of mass layoffs; reports Reuters pic.twitter.com/5TowOa5lqS
— ANI (@ANI) March 14, 2023
Mark Zuckerberg said this in the message
Meta CEO Mark Zuckerberg said in his message that the company is going to reduce its workforce. This is the time you should expect. In the next few months, we will work on things like canceling low priority projects, reducing recruitment.
“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,” Reuters reported Meta’s Chief Executive Officer Mark Zuckerberg’s message to staff
(File Pic) pic.twitter.com/J3BhWdyRBs
— ANI (@ANI) March 14, 2023
Last year 11 thousand employees were retrenched
Let us tell you that Meta had retrenched about 11,000 jobs last year, which was about 13 percent of the total working employees. This year also the same number of layoffs are being talked about.
Explain that Amazon.com Inc., Microsoft Corp. Other technology companies including have cut thousands of jobs this year. According to Layoffs.fyi, the number of layoffs since 2022 has reached almost 3 lakh employees.
Read also: Meta Layoffs: Preparation for retrenchment in Facebook’s parent company Meta, thousands of employees will be employed
