Business

Meta to reduce 4,000 high-skilled jobs this week: Report

In March, Meta CEO Mark Zuckerberg announced the company would cut 10,000 jobs in the coming months

April 19, 2023

Big shock to employees from Meta! More layoffs ahead

The media reported that Meta is reportedly set for another round of mass layoffs on Wednesday that will affect at least 4,000 highly-skilled employees. Meta will also announce newly reorganized teams and management hierarchies, the report mentioned.

This week’s layoffs could be in the range of 4,000 jobs, according to a report in Vox, citing sources. The fresh cuts came just four months after he laid off 11,000 employees, or 13 percent of the company, in November last year.

In March, Meta CEO Mark Zuckerberg announced the company would cut 10,000 jobs in the coming months.

In an internal memo seen by The Washington Post, Meta said that “the company will begin notifying employees on its technical teams whose jobs are being cut”.

“Facebook parent company Meta will announce details about new job cuts on Wednesday, 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 said that overall, “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”.

[With Inputs from IANS]

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