Meta Gearing Up For Fresh Layoffs Around March, Months After Firing 11,000 Employees
1 year, 10 months ago

Meta Gearing Up For Fresh Layoffs Around March, Months After Firing 11,000 Employees

ABP News  

Months after laying off 11,000 employees, Meta is gearing up for a fresh round of job cuts, according to a report by the Financial Times. The report cited two people familiar with the matter saying that there has been a lack of clarity around budgets and the future headcount at the social networking giant and Facebook parent. The fresh layoffs at Meta are expected to take place around March, but it is not known how people could be affected. This development comes soon after company CEO Mark Zuckerberg during an earnings call with analysts said earlier this month that the company plans to continue to cut costs. The company was said to be would be "flattening its organisation structure" and “removing some layers in middle management to make decisions faster.” In one of the worst lay-offs ever in the tech industry, Zuckerberg in November sacked more than 11,000 employees -- about 13 per cent of the global workforce -- and extended the hiring freeze through Q1, 2023.

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History of this topic

Mark Zuckerberg's wealth plunges after Meta shares sink 13% in one day
8 months ago

Mark Zuckerberg's wealth plunges after Meta shares sink 13% in one day

Daily Mail  

Meta shares crashed in after-hours trading Wednesday after the company warned profits will slip over the summer. Meta says it will see second quarter revenue between $36.5 and $39 billion. Shares were also hit after Meta said it expects overall expenses this year to be higher than it previously forecast - as the Facebook parent spends heavily to roll out …

Meta CEO Mark Zuckerberg talks about layoffs again, explains why this is happening
10 months ago

Meta CEO Mark Zuckerberg talks about layoffs again, explains why this is happening

India Today  

In a recent interview with Morning Brew Daily's podcast, Meta's CEO Mark Zuckerberg delved into the ongoing wave of tech layoffs, shedding light on why this trend shows no signs of ending anytime soon. Zuckerberg attributed the persistent layoffs to a paradigm shift among companies towards leaner operations and continued adjustments to the post-pandemic landscape. Highlighting the evolving mindset within …

Meta reports “good” quarter after revenue growth, launch of Threads and AI products
1 year, 1 month ago

Meta reports “good” quarter after revenue growth, launch of Threads and AI products

The Hindu  

Meta CEO Mark Zuckerberg noted a “good quarter” for the company’s community and business as the social media giant reported revenue growth of 23% year-over-year to reach $34.15 billion. Zuckerberg earlier announced that 2023 would be Meta’s year of “efficiency” and the company proceeded to lay off hundreds of workers across its tech and business divisions. “I’m proud of the …

Meta and Google among top paying companies in 2022 despite firing thousands of employees
1 year, 6 months ago

Meta and Google among top paying companies in 2022 despite firing thousands of employees

India Today  

Facebook’s parent company Meta and Google’s parent company Alphabet have collectively laid off thousands of employees till now. However, despite the mass layoffs, the companies were amongst the top three paying companies last year, a new report states. Meta and Alphabet amongst top payers According to a Business Insider report originally attributed to The Wall Street Journal, Meta and Google …

Meta starts firing people in latest round of layoffs, 5000 people terminated, Indian employees let go too
1 year, 7 months ago

Meta starts firing people in latest round of layoffs, 5000 people terminated, Indian employees let go too

Firstpost  

Meta has reportedly started another round phase of layoffs According to insider sources and reports on LinkedIn. Also read: Tech Layoffs: Meta to layoff 6,000 more workers next week, dark times for platform continues More people to be laid off While the exact number of job cuts remains undisclosed, Reports from last week suggest that Meta is planning to lay …

Facebook Owner Meta Slashes Business Workforce In Final Round Of Layoffs
1 year, 7 months ago

Facebook Owner Meta Slashes Business Workforce In Final Round Of Layoffs

ABP News  

Owner of Facebook, Meta Platforms Inc, cut jobs across its business and operations units on Wednesday, reported by news agency Reuters. Earlier this year, Meta became the first Big Tech firm to announce a second round of mass layoffs, after showing more than 11,000 employees the door in the fall. Mark Zuckerberg, CEO, Meta Inc, in March had said the …

Facebook owner Meta starts final round of layoffs
1 year, 7 months ago

Facebook owner Meta starts final round of layoffs

The Hindu  

Meta Platforms Inc. carried out the last batch of a three-part round of layoffs on Wednesday, according to a person familiar with the matter, as part of a plan announced in March to eliminate 10,000 roles. Meta earlier this year became the first Big Tech company to announce a second round of mass layoffs, after showing more than 11,000 employees …

Meta Layoff confirmed: Around 6,000 people to lose their job
1 year, 7 months ago

Meta Layoff confirmed: Around 6,000 people to lose their job

India TV News  

Meta carried out a recent wave of layoffs, which was expected to affect approximately 6,000 employees worldwide. In March, Meta Founder and CEO Mark Zuckerberg announced that the company would undergo two rounds of layoffs, scheduled for late April and late May, resulting in a total reduction of 10,000 jobs. Via Facebook post, Zuckerberg said overall, "we expect to reduce …

Facebook owner Meta starts final round of layoffs
1 year, 7 months ago

Facebook owner Meta starts final round of layoffs

Hindustan Times  

Meta Platforms Inc started carrying out the last batch of a three-part round of layoffs on Wednesday, according to a source familiar with the matter, as part of a plan announced in March to eliminate 10,000 roles. Meta in March became the first Big Tech company to announce a second round of mass layoffs, after showing more than 11,000 employees …

Facebook owner Meta starts final round of layoffs
1 year, 7 months ago

Facebook owner Meta starts final round of layoffs

Live Mint  

Meta Platforms Inc on Wednesday started a fresh round of layoffs, as part of its plan to cut 10,000 jobs across all its platforms- WhatsApp, Instagram, and Facebook. In March, Mark Zuckerberg, the Chief Executive of Meta, stated that the majority of the company's layoffs in the second round would occur in three distinct phases spanning several months, with the …

Job Cuts Continue At Meta, Company May Fire 6,000 Employees Next Week
1 year, 7 months ago

Job Cuts Continue At Meta, Company May Fire 6,000 Employees Next Week

ABP News  

Facebook parent Meta isn't done with job cuts and it is likely to fire 6,000 more employees next week, media reports say. According to Nick Clegg, the firm's President of Global Affairs, the third wave of job cuts at Meta will happen next week, says a report by Vox. Earlier in March, Meta CEO Mark Zuckerberg announced that the company …

Ex-Meta employee says was not prepared for ‘emotional rollercoaster’
1 year, 8 months ago

Ex-Meta employee says was not prepared for ‘emotional rollercoaster’

Hindustan Times  

A now-former Meta employee who get laid off in the company's second round of layoffs, which it announced last month, has said he has been through an ‘emotional rollercoaster’ since being notified he was being let go. Meta has laid off more than 20,000 workers across two recent layoff drives Chris Bowler, who joined Meta Platforms in August 2021, took …

Meta layoff: Most staffers who combat misinformation lost their jobs
1 year, 8 months ago

Meta layoff: Most staffers who combat misinformation lost their jobs

India TV News  

Meta has almost wiped out its team dedicated to combating misinformation, as part of the latest round of mass layoffs which began earlier this week. Meta kicked off a fresh round of layoffs this week, handing over pink slips to employees with technical backgrounds globally. In March, Meta CEO Mark Zuckerberg announced that the company would cut 10,000 jobs in …

Tech Layoffs: Meta starts laying people off again, this time from core engineering teams
1 year, 8 months ago

Tech Layoffs: Meta starts laying people off again, this time from core engineering teams

Firstpost  

Meta Platforms Inc, the owner of Facebook, Instagram and WhatsApp has laid off another batch of workers on Wednesday, this time affecting some core engineering and adjacent tech teams, as CEO Mark Zuckerberg continued to simplify the firm in an effort to make 2023 a “year of efficiency." Meta was the first Big Tech business to announce a second round …

Meta begins next round of firings; cuts technical team employees
1 year, 8 months ago

Meta begins next round of firings; cuts technical team employees

The Hindu  

Meta began its latest round of layoffs as it restructures to make 2023 a “year of efficiency,” in the words of its chief. In a blog post published on March 14, CEO Mark Zuckerberg had said that more job cuts would take place in 2023, specifically in late April and late May. The cuts in late April would affect technical …

Meta prepares for next round of layoffs, report says
1 year, 8 months ago

Meta prepares for next round of layoffs, report says

The Hindu  

Facebook-parent Meta is preparing to lay off more workers in an upcoming round of cuts, according to a report by Vox, citing an internal company memo. The layoffs may begin as soon as Wednesday, and are expected to be wide-ranging, affecting employees working on Facebook, Instagram, Reality Labs, and WhatsApp. The social media company fired over 10,000 employees last year …

Facebook-Parent Meta To Lay Off 10,000 Employees: Report
1 year, 8 months ago

Facebook-Parent Meta To Lay Off 10,000 Employees: Report

ABP News  

Meta Platforms, the parent company of social media giants such as Facebook and Instagram, is gearing up for another round of companywide layoffs as it works to achieve greater efficiency. The company has announced plans to cut 10,000 positions across its various brands, including Facebook, WhatsApp, Instagram, and Reality Labs, the arm of the company responsible for virtual reality efforts …

Layoffs to continue at Meta; job cuts in Facebook, WhatsApp, Instagram: Report
1 year, 8 months ago

Layoffs to continue at Meta; job cuts in Facebook, WhatsApp, Instagram: Report

Hindustan Times  

Meta Platforms Inc. is set to commence companywide layoffs on Wednesday as it restructures teams and works toward founder Mark Zuckerberg’s goal of greater efficiency. The Facebook parent company notified managers to prepare to announce job cuts on Wednesday, via a memo seen by Bloomberg News. It indicates Facebook, WhatsApp, Instagram and Reality Labs — which houses the firm’s virtual …

Meta prepares fresh round of layoffs beginning today, to cut around 4,000 high-skilled jobs
1 year, 8 months ago

Meta prepares fresh round of layoffs beginning today, to cut around 4,000 high-skilled jobs

India TV News  

Meta layoffs: Meta is set to begin yet another round of mass layoffs across Facebook, Instagram and WhatsApp as the company move forward towards Mark Zuckerberg's goal of achieving greater efficiency. In the fresh round of layoffs, around 4,000 high-skilled employees could be impacted, beginning Wednesday. In an internal memo seen by The Washington Post, Meta said that "the company …

Meta starts cutting jobs, fires over 1,500 employees in HR and other departments
1 year, 9 months ago

Meta starts cutting jobs, fires over 1,500 employees in HR and other departments

India Today  

Meta has just announced the layoff of 10,000 employees and it has now begun the process. The same source also reported that Meta could take a few more years to finish restructuring the company, which means that more employees could get removed in the coming time. Now in an email sent to employees, Meta’s CEO Mark Zuckerberg has stated that …

A 2nd wave of layoffs at Meta; 10,000 jobs are cut
1 year, 9 months ago

A 2nd wave of layoffs at Meta; 10,000 jobs are cut

Associated Press  

Facebook parent Meta is slashing 10,000 jobs, about as many as the social media company announced late last year in its first round of cuts, as uncertainly about the global economy hits the technology sector particularly hard. The Menlo Park, company said Tuesday it will reduce the size of its recruiting team and make further cuts in its tech groups …

Meta layoffs: Facebook to cut 10,000 more employees, Mark Zuckerberg says
1 year, 9 months ago

Meta layoffs: Facebook to cut 10,000 more employees, Mark Zuckerberg says

The Independent  

Sign up to our free weekly IndyTech newsletter delivered straight to your inbox Sign up to our free IndyTech newsletter Sign up to our free IndyTech newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. Mr Zuckerberg said the layoffs were part of a “restructuring” and Meta’s “year of efficiency”. “It will …

Why Zuckerberg's Meta has undertaken second round of layoffs slashing 10k jobs?
1 year, 9 months ago

Why Zuckerberg's Meta has undertaken second round of layoffs slashing 10k jobs?

Hindustan Times  

Meta Platforms Inc. plans to lay off around 10,000 employees and close about 5,000 additional open roles in its second major round of job cuts in the past six months. As part of those efforts, Meta is flattening the organization, canceling lower priority projects and slowing hiring, Chief Executive Officer Mark Zuckerberg said in a statement on Tuesday. But Zuckerberg …

Meta to lay off 10,000 employees in second round of job cuts
1 year, 9 months ago

Meta to lay off 10,000 employees in second round of job cuts

Firstpost  

California: Facebook-parent Meta Platforms said on Tuesday it would cut 10,000 jobs, just four months after it let go 11,000 employees, the first Big Tech company to announce a second round of mass layoffs. “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,” Chief Executive …

Facebook parent Meta to cut 10,000 jobs: Report
1 year, 9 months ago

Facebook parent Meta to cut 10,000 jobs: Report

Hindustan Times  

Mark Zuckerberg's Meta has decided to undertake another mass-layoffs downsizing its workforce by 10,000 employees. Meta In an email to employees on Tuesday, Meta CEO Zuckerberg stated that the company will conduct multiple rounds of job cuts in the coming months, as well as cancel some projects and reduce hiring rates, a report from The Wall Street Journal said. Notably, …

Facebook-parent Meta to lay off 10,000 employees in second round of job cuts
1 year, 9 months ago

Facebook-parent Meta to lay off 10,000 employees in second round of job cuts

The Hindu  

Facebook-parent Meta Platforms said on March 14, 2023 it would cut 10,000 jobs, just four months after it let go 11,000 employees, the first Big Tech company to announce a second round of mass layoffs. "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," Chief …

Meta to cut 10,000 jobs, 5,000 open roles in efficiency push
1 year, 9 months ago

Meta to cut 10,000 jobs, 5,000 open roles in efficiency push

LA Times  

Meta Platforms Chief Executive Mark Zuckerberg has been calling 2023 the “year of efficiency.” The latest round of job cuts follows layoffs in November, which reduced the company’s workforce by 11,000 people, or 13% of its staff. Meta Platforms plans to lay off about 10,000 employees and close about 5,000 open roles in its second major round of job cuts …

Mark Zuckerberg fires 10,000 Meta employees in fresh layoffs: Here is full text of his memo
1 year, 9 months ago

Mark Zuckerberg fires 10,000 Meta employees in fresh layoffs: Here is full text of his memo

India Today  

Meta CEO Mark Zuckerberg announced second round of layoffs on Tuesday. Here’s the timeline you should expect: over the next couple of months, org leaders will announce restructuring plans focused on flattening our orgs, canceling lower priority projects, and reducing our hiring rates. As I’ve talked about efficiency this year, I’ve said that part of our work will involve removing …

Meta to fire 11,000 more employees in upcoming days, these jobs are at risk
1 year, 9 months ago

Meta to fire 11,000 more employees in upcoming days, these jobs are at risk

India Today  

At the start of this year, big tech giants like Google and Microsoft announced layoffs and fired thousands of employees across the globe. Reports suggest that Meta is again planning a fresh round of layoffs and is expected to sack as many employees as it fired in the first round, which is around 11,000 employees. Well, after announcing the layoffs …

Facebook owner Meta to cut 10,000 jobs in second round of layoffs
1 year, 9 months ago

Facebook owner Meta to cut 10,000 jobs in second round of layoffs

Al Jazeera  

Meta is slashing jobs in a bid to recover from losses and invest in the ‘metaverse’. Meta Platforms has announced it will slash a further 10,000 jobs in a second round of mass layoffs as the Big Tech industry braces for a deep economic downturn. Worries of an economic downturn due to rising interest rates have sparked a series of …

Facebook-parent Meta plans to lay off another 10,000 employees
1 year, 9 months ago

Facebook-parent Meta plans to lay off another 10,000 employees

CNN  

CNN — Facebook-parent Meta plans to lay off another 10,000 workers, marking the second round of significant job cuts announced by the tech giant in four months. In a Facebook post Tuesday, CEO Mark Zuckerberg said the job cuts will take place “over the next couple of months.” “We expect to announce restructurings and layoffs in our tech groups in …

‘The next AOL?’: Meta’s massive layoffs raise questions about Zuckerberg’s strategy as company morale sinks
1 year, 9 months ago

‘The next AOL?’: Meta’s massive layoffs raise questions about Zuckerberg’s strategy as company morale sinks

CNN  

New York CNN — “A challenging period.” That’s how Mark Zuckerberg described in a memo what the near future will be like for Meta employees after he announced the once-impervious social media company will cut another 10,000 jobs in the months ahead. “At this point, I think we should prepare ourselves for the possibility that this new economic reality will …

Facebook parent Meta slashes 10,000 jobs in its 'Year of Efficiency'
1 year, 9 months ago

Facebook parent Meta slashes 10,000 jobs in its 'Year of Efficiency'

NPR  

Facebook parent Meta slashes 10,000 jobs in its 'Year of Efficiency' Enlarge this image toggle caption Jeff Chiu/AP Jeff Chiu/AP Facebook's parent company Meta is laying off another 10,000 workers, or roughly 12% of its workforce, in order to cut costs and shore up efficiency, CEO Mark Zuckerberg announced Tuesday. The world economy changed, competitive pressures grew, and our growth …

Facebook-parent Meta plans new job cuts that could match last year’s tally
1 year, 9 months ago

Facebook-parent Meta plans new job cuts that could match last year’s tally

The Hindu  

Facebook-parent Meta Platforms is planning additional layoffs to be announced in multiple rounds over the next few months, which could match the 13% job cut tally from last year, the Wall Street Journal reported on Friday citing people familiar with the matter. Meta let go of 11,000 employees four months ago and would be the first Big Tech company to …

Facebook parent Meta plans new layoffs: Report
1 year, 9 months ago

Facebook parent Meta plans new layoffs: Report

Deccan Chronicle  

Washington : Meta Platforms, the parent company of Facebook is planning additional job cuts over several rounds in the next few months, according to media reports, reported The Wall Street Journal. Among projects that will be cut are some wearable devices that were in the works at Reality Labs, Meta's hardware and metaverse division, the people said, suggesting a near-term …

More Meta employees to lose jobs in the coming weeks, non-engineering roles to be impacted
1 year, 9 months ago

More Meta employees to lose jobs in the coming weeks, non-engineering roles to be impacted

India Today  

The layoff season is not over yet for the Facebook-owned social media company Meta. As per the Wall Street Journal report, the upcoming layoffs could match the 13 per cent job cut tally from last year. The Wall Street Journal reports that the layoffs will be announced in multiple rounds and will be about the same size as the 13 …

Meta plans to cut thousands of jobs as soon as this week
1 year, 9 months ago

Meta plans to cut thousands of jobs as soon as this week

The Hindu  

Meta Platforms Inc. will cut thousands of jobs as soon as this week in a fresh round of layoffs, Bloomberg News reported on Monday, only a few months after the Facebook-parent reduced more than 11,000 people from its workforce. Meta, at that time, declined to comment, but spokesperson Andy Stone in a series of tweets cited several previous statements by …

Latest layoffs at Meta driven by financial targets, not ’flattening’
1 year, 9 months ago

Latest layoffs at Meta driven by financial targets, not ’flattening’

Live Mint  

In a fresh round of layoffs, Meta Platforms Inc is planning to layoff thousands as soon as this week, Bloomberg News reported on Monday. The new round of job cuts is being driven by financial targets and is separate from the "flattening," the report said, citing people familiar with the matter. Although Meta declined to comment at that time, spokesperson …

Meta plans to cut thousands of jobs as soon as this week
1 year, 9 months ago

Meta plans to cut thousands of jobs as soon as this week

Deccan Chronicle  

Meta Platforms Inc., the owner of Facebook and Instagram, is planning a fresh round of layoffs and will cut thousands of employees as soon as this week, according to people familiar with the matter. The imminent round of cuts is being driven by financial targets and is separate from the “flattening,” said the people, who asked not to be identified …

Meta Plans To Lay Off Thousands Of Employees This Week To Meet Financial Targets: Report
1 year, 9 months ago

Meta Plans To Lay Off Thousands Of Employees This Week To Meet Financial Targets: Report

ABP News  

Owner of Facebook and Instagram, Meta Platforms Inc, is planning another round of fresh layoffs, citing a people familiar with the development told news agency Bloomberg. According to the report, the social media giant has also been working to flatten its organisation, giving buyout packages to managers and cutting whole teams it deems nonessential, Bloomberg reported in February, a move …

Meta plans to cut thousands of jobs this week in fresh round of layoffs: Report
1 year, 9 months ago

Meta plans to cut thousands of jobs this week in fresh round of layoffs: Report

Hindustan Times  

Meta Platforms Inc., the owner of Facebook and Instagram, is planning a fresh round of layoffs and will cut thousands of employees as soon as this week, according to people familiar with the matter. The imminent round of cuts is being driven by financial targets and is separate from the “flattening,” said the people, who asked not to be identified …

Meta plans to sack 1,000 more employees this week: Report
1 year, 9 months ago

Meta plans to sack 1,000 more employees this week: Report

Live Mint  

Meta Platforms Inc is planning to cut thousands more jobs as soon as this week in its fresh round of layoffs, Bloomberg News reported on Monday, citing people familiar with the matter. The company has also been working to flatten its organization, giving buyout packages to managers and cutting whole teams it deems nonessential, Bloomberg News reported in February, a …

Meta likely to layoff more workers in the coming week
1 year, 9 months ago

Meta likely to layoff more workers in the coming week

India Today  

The layoff season is not over in Meta yet. Meta has given "subpar ratings" to thousands of employees during its latest performance review, which hints at more layoffs in the coming months. Previously, managers at Meta gave around 10 per cent of employees a rating of "meets most", which is the second-lowest rating at the company. The Wall Street Journal …

Second wave of layoffs in Meta
1 year, 9 months ago

Second wave of layoffs in Meta

India TV News  

After laying off more than 11,000 employees making nearly 13% of its workforce, Meta, the parent company of Facebook, plans to make additional cuts with another wave of layoffs. Image Source : FREEPIKJob Loss The company also plans to push certain executives to lower-level roles without direct reports. By reassigning some leaders to lower-level jobs without direct responsibility, Meta hopes …

Facebook-Parent Meta Plans More Layoffs After Firing 11,000 Employees: Report
1 year, 10 months ago

Facebook-Parent Meta Plans More Layoffs After Firing 11,000 Employees: Report

ABP News  

Meta Platforms Inc, the parent firm of Facebook, is planning another fresh round of job cuts in bid to reorganise and downsize. Meta last year said it will let go of 13 per cent of its workforce, or more than 11,000 employees, as it grappled with soaring costs and a weak advertising market. According to the Reuters’ report, Meta plans …

Meta plans fresh round of job cuts months after laying off over 11,000 workers
1 year, 10 months ago

Meta plans fresh round of job cuts months after laying off over 11,000 workers

Live Mint  

After firing more than 11,000 employees towards the end of last year, Facebook Parent company Meta is now planning a fresh round of job cuts. According to a Washington Port report citing people familiar with the matter, the company is also planning to push some leaders into lower-level roles without direct reports - essentially flattening the layers of management between …

Layoffs at Meta: Meta rates 7000 employees as 'below-average performers' amid layoff rumours
1 year, 10 months ago

Layoffs at Meta: Meta rates 7000 employees as 'below-average performers' amid layoff rumours

Firstpost  

Amid rumours of a second round of layoffs at Meta, managers at the tech company have rated 10 per cent or roughly 7000 of its current employees to be below-par performers, hinting that they may be laid off by March this year. Meta employees and their unsatisfactory performance reviews Facebook Zuckerberg’s ‘year of efficiency’ appears to begin with thousands of …

Meta gives ‘subpar’ rating to 7,000 employees, says report. More layoffs coming?
1 year, 10 months ago

Meta gives ‘subpar’ rating to 7,000 employees, says report. More layoffs coming?

Hindustan Times  

According to a report, thousands of Meta employees have received poor performance reviews from the company, raising fears that the tech giant may come up with a fresh round of layoffs, after it handed pink slips to around 11,000 workers in November last year. Representational Image Approximately 7,000 employees were ranked ‘subpar’ by Meta in a recent round of performance …

Meta team budgets on standby as company braces for more layoffs
1 year, 10 months ago

Meta team budgets on standby as company braces for more layoffs

The Hindu  

Facebook parent Meta has hit pause on finalising several team budgets as it prepares for a new round of layoffs after slashing over 11,000 jobs in November 2022, according to the Financial Times on Saturday. Like other Big Tech companies such as Amazon, Microsoft, and Google that also fired staff, the Instagram and WhatsApp owner cut its workforce by 13% …

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