Meta, Facebook and Instagram’s parent company, has revealed plans to lay off a further 10,000 workers in addition to the 11,000 layoffs announced in November 2022. This will result in the departure of 21,000 people from the organisation. CEO Mark Zuckerberg indicated in a long message emailed to all workers that the layoffs were essential in making the firm leaner and more effective.
Although conceding that layoffs would result in the loss of brilliant and dedicated employees who had contributed to the company’s success, Zuckerberg underlined the significance of prioritising the company’s top priorities and removing duplicate and low-priority projects.
The company’s technical group will be laid off in late April, followed by its business group in late May, with the reorganisation projected to last through the end of 2023. In addition to the layoffs, Meta will close over 5,000 open positions.
The announcement by Zuckerberg comes as no surprise since reports of huge job layoffs have been circulating for weeks. Meta sees the move as a chance to simplify its operations and focus on its most essential projects.
The layoffs, on the other hand, will almost certainly have a big impact on the personnel leaving the company. Meta has committed to showing thanks and respect to individuals impacted, but losing so many employees in such a short time will be a tough and unpleasant process for many.
As Meta continues to restructure, it remains to be seen what effect these changes will have on the company’s future. Meta, on the other hand, may be better positioned to address the problems and possibilities of the quickly expanding digital world with a smaller and more focused company.
