Meta is laying off another 10,000 people and closing 5,000 open positions.
Mark Zuckerberg announced plans to reduce Meta’s workforce by another 10,000 people this year, while also closing 5,000 active positions at the company.
Zuckerberg explains in a blog post how more efficiency work is needed to “improve our financial performance in a difficult environment so we can execute our long-term vision.”
The primary goal appears to be to carry out what appears to be a major restructuring of the company, flattening the organization and removing multiple layers of management in the process. In the end, it means that many jobs will be lost, just as they were during the first round of layoffs in November of last year.
According to Zuckerberg, the recruitment team will be reduced first, and those losing their jobs will be informed tomorrow. Meta’s technical groups will be informed of job losses in April, while business groups will be informed in May. There was no mention of massage therapists.
Once the restructuring is completed by the end of this year, hiring and transfer freezes will be lifted within the company. That means that some employees who are set to lose their jobs over the summer may be able to return in 2024. (assuming they want to work for the company again after being fired).
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Thousands of Meta employees are now awaiting word on their fate. Zuckerberg acknowledges that his announcement will cause a “challenging period” within the company, but he encourages everyone to “focus on what you can control” and “do great work and support your teammates.”