Meta, the parent company of Facebook and Instagram, has begun a new round of layoffs that will impact technical employees across teams (CNBC). The latest cuts, which started on Wednesday, are part of a larger effort to restructure Meta and eliminate up to 10,000 jobs (Engadget). The company has confirmed that it let go of the first wave of employees during this round of layoffs, and more will follow (KRON4).
Sources working at Meta revealed to Vox that the company will conduct a mass round of layoffs on Wednesday. In an internal memo posted to employees, the company said that it will restructure teams and work towards a more “streamlined organization” (New York Post). This new round of layoffs follows the company’s announcement in March that it will eliminate thousands of jobs as part of its restructuring plan (Yahoo Finance).
As impacted employees cope with the news, some have taken to social media to share their experiences. Workers caught up in the recent round of job cuts have voiced their distress and sadness (New York Post). In response to this latest round of layoffs, Meta has told its North America-based employees to work from home. The company tweeted that “the Hunger Games have begun” as it prepares to make even more job cuts (New York Post).
These latest layoffs at Meta have left many employees concerned for their future at the company. As the downsizing and restructuring continues, it’s unclear how many more employees will lose their jobs and how it will affect the company’s overall performance (The Hill). Meta has not yet commented on the specifics of these latest layoffs, but they could have significant implications for the company’s future.
