Meta plans to cut 10,000 jobs

Published March 14th, 2023 - 01:42 GMT
Meta. (Shutterstock)

ALBAWABA - Meta chief executive Mark Zuckerberg announced that 10,000 employees will be sacked in the latest layoffs that followed one in November, when the tech giant slashed 11,000 jobs.

Zuckerberg, who leads Meta, which owns Facebook, Instagram and Whatsapp, posted a memo to employees on Tuesday announcing the new job cuts.

In spite of the 10,000 job cuts, 5,000 open roles at the company will be left without employees.

Zuckerberg said the new layoffs are part of his "Year of Efficiency" plan.

He added: "Our efficiency work has several parallel workstreams to improve organizational efficiency, dramatically increase developer productivity and tooling, optimize distributed work, garbage collect unnecessary processes, and more."

The tech giant chief executive maintained that the employee layoffs will be "tough and there's no way around that."

He noted that many good and talented people will leave Meta.

In the end, he said: "Change is never easy, but I know we'll get through this and come out an even stronger company that can build better products faster and enable you to do the best work of your careers."

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