The media reported that another round of mass redundancies at Meta (formerly Facebook) will affect at least 4,000 highly-skilled employees on Wednesday.
According to a report in Vox citing sources, this week’s layoffs could be in the range of 4,000 positions.
Mark Zuckerberg, CEO of Meta, announced in March that the company would eliminate 10,000 positions in the future months.
Meta stated in an internal memo obtained by The Washington Post that “the company will begin notifying employees on its technical teams that their positions are being eliminated.”
Meta will also announce newly reorganized teams and management hierarchies.
The Washington Post tweeted on Wednesday that Facebook’s parent company, Meta, will announce details about new employment cuts on Wednesday, as part of a months-long downsizing and restructuring effort that will see 10,000 employees let go in multiple waves of layoffs.
In March, Zuckerberg announced plans to lay off an additional 10,000 employees over the next few months.
Overall, according to Zuckerberg, “we expect to reduce our team size by approximately 10,000 people and close approximately 5,000 open positions that have not yet been filled.”
The latest layoffs occurred just four months after he fired 11,000 workers, or 13% of the company, in November of last year.
Network Hype Team