Meta has begun another wave of layoffs as part of its “year of efficiency.” The newest round of layoffs is the third in a sequence that began in March. The corporation stated that it anticipated removing a total of 10,000 positions across three phases.
The number of workers affected by the latest wave is unknown. However, the layoffs appear to be mostly in non-engineering positions. Based on multiple LinkedIn posts, people in marketing, communications, and recruiting have lost their employment. Meta will also lay off roughly 500 people at its Irish office. According to a report, this accounts for around 20% of the country’s employment.
Meta refused to make remarks on the layoffs. A spokesman referred to a message Mark Zuckerberg distributed to staff last October when the business laid off 11,000 people. He stated in the memo that economic circumstances had “caused our revenue to be much lower” than anticipated. He called the layoffs “some of the most difficult changes we’ve ever made in Meta’s history.”
Meta Prioritizing Speed and Quality
In the months afterwards, Zuckerberg has spoken freely about the necessity for greater “efficiency.” He has declared 2023 to be Meta’s “year of efficiency,” and has stated that he wishes to build a “flatter” management structure within the firm.
He said that he believes that slowing hiring and flattening the management structure will “improve the speed and quality of [Meta’s] work.” This is in addition to improving the company’s technical element and “prioritising initiatives,” he added during Meta’s recent earnings call.
The latest wave of layoffs puts the total number of workers laid off by Meta to almost 21,000 since last November. Meta’s layoffs were among the most severe in the business. However, it is far from the only software business that has laid off employees in recent months. Amazon, Google, Microsoft, and dozens of other companies have significantly reduced their personnel since the beginning of the year.