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U.S. tech giant Meta said on Tuesday that the company is cutting
an additional 10,000 workers in its second round of massive
layoffs, Trend
reports citing Reuters.
“This will be tough and there’s no way around that,” Meta CEO
Mark Zuckerberg said, adding that the layoffs will be in service of
building a leaner, more technical company and improving business
performance to enable long-term vision.
The layoffs will hit recruiting, tech, business and
international teams and may take until the end of the year to
complete, Zuckerberg noted.
The parent company of Facebook, Instagram and WhatsApp
previously laid off around 11,000 workers in November 2022. With
21,000 total layoffs, the Menlo Park-based social media company has
made the deepest cuts among tech companies so far, exceeding
Amazon’s 18,000 cuts.
In Meta’s February earnings report, Zuckerberg told investors
that the company’s management theme for 2023 is the “Year of
Efficiency.”
Meta’s workforce at the end of 2022 was up 20 percent from the
prior year and nearly double its size before the pandemic in 2019.
The two rounds of layoffs are expected to reduce the company’s
headcount to around 65,000 workers.
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