Mark Zuckerberg tells managers to be ready for layoffs, around 10000 employees to lose job
1 year, 8 months ago

Mark Zuckerberg tells managers to be ready for layoffs, around 10000 employees to lose job

India Today  

Meta, the parent company of Facebook, is set to start a company-wide layoff on Wednesday as it restructures teams to achieve greater efficiency, according to a memo seen by Bloomberg News. A company spokesperson declined to comment on the matter, but referred to Zuckerberg's post in March, where he referred to it as the "year of efficiency" and said that the company would announce restructurings and layoffs in its tech groups in late April, followed by its business groups in late May. Zuckerberg has said that the company's focus is to build a "privacy-focused social platform" and that he plans to invest more in its messaging and e-commerce businesses. However, the move is necessary for the long-term success of the company, and Zuckerberg has said that he will provide support to affected employees, including severance packages and job placement services.

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History of this topic

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 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 …

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 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 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 …

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, …

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 …

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 …

‘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 …

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 …

Another round of Meta layoffs soon? Mark Zuckerberg questions manager roles
1 year, 10 months ago

Another round of Meta layoffs soon? Mark Zuckerberg questions manager roles

Live Mint  

Is Facebook and Instagram owned Meta planning another round of layoffs? Its founder and CEO Mark Zuckerberg's recent comments on managers has raised eyebrows and apprehensions of phase 2 of pink slips coming soon. After laying off 11,000 employees from his company Zuckerberg still thinks many layers of management are a waste of resource and the managers who build big …

CEO Mark Zuckerberg puts managers on notice, more Facebook layoffs likely
1 year, 10 months ago

CEO Mark Zuckerberg puts managers on notice, more Facebook layoffs likely

India Today  

Right after Elon Musk fired thousands of Twitter employees, Meta CEO Mark Zuckerberg laid off 11,000 employees. "I don't think you want a management structure that's just managers managing managers, managing managers, managing managers, managing the people who are doing the work," Zuckerberg told managers during the meeting. In addition to Zuckerberg, Meta Chief product officer Chris Cox has also …

Zuckerberg's Meta gearing up for more layoffs? This report suggests so
1 year, 10 months ago

Zuckerberg's Meta gearing up for more layoffs? This report suggests so

Hindustan Times  

Meta CEO Mark Zuckerberg has reportedly announced that he is not in favour of “managers managing managers, managing managers, managing managers, managing the people who are doing the work”. According to the weekly newsletter Command Line from The Verge’s Alex Heath, Zuckerberg hinted at more layoffs in middle management during an internal Q&A meeting last week. Earlier in January, the …

Why Zuckerberg's Meta Has Sacked 11k Employees & What Will Happen to Indian Workers Now
2 years, 1 month ago

Why Zuckerberg's Meta Has Sacked 11k Employees & What Will Happen to Indian Workers Now

News 18  

Facebook parent Meta is laying off 11,000 employees, or about 13% of its workforce, as it deals with declining revenue and broader tech industry woes, according to CEO Mark Zuckerberg in a letter to employees sent out Wednesday. Facebook Losing Young Users, Apple’s Privacy Policies In recent months, Meta has experienced uncertainty about the company’s future as its flagship platform …

Mark Zuckerberg Confirms Meta Layoffs, Lets Go Of 11,000 Employees; Read Full Letter Here
2 years, 1 month ago

Mark Zuckerberg Confirms Meta Layoffs, Lets Go Of 11,000 Employees; Read Full Letter Here

News 18  

Mark Zuckerberg, CEO of Facebook’s parent company Meta, on Wednesday confirmed the layoffs by the company. I’ve decided to reduce the size of our team by about 13% and let more than 11,000 of our talented employees go. HERE’S MARK ZUCKERBERG’S FULL LETTER TO EMPLOYEES Today I’m sharing some of the most difficult changes we’ve made in Meta’s history. I’ve …

Facebook owner Meta to lay off 11k staff in one of biggest US layoffs this year
2 years, 1 month ago

Facebook owner Meta to lay off 11k staff in one of biggest US layoffs this year

Live Mint  

In one of the biggest tech layoffs of 2022, Facebook parent Meta Platforms Inc on Wednesday said that it will let go of 13% of its workforce, or more than 11,000 employees, as part of a plan to reduce costs at the social-media platform following disappointing earnings, soaring costs, and a weak advertising market. I know this is tough for …

Facebook CEO Mark Zuckerberg confirms laying off thousands of employees today: Reports
2 years, 1 month ago

Facebook CEO Mark Zuckerberg confirms laying off thousands of employees today: Reports

India TV News  

Highlights The company is likely to lay off thousands of employees from Wednesday The laid-off employees to get at least four months' salary Mark Zuckerberg claimed responsibility for the company's missteps Facebook employees lay off: Addressing hundreds of executives, Meta Chief Executive Mark Zuckerberg confirmed about laying off employees on Wednesday. Biggest layoff in the tech industry this year: Reports …

Facebook-parent Meta likely to start mass layoffs today, CEO Mark Zuckerberg blames overhiring
2 years, 1 month ago

Facebook-parent Meta likely to start mass layoffs today, CEO Mark Zuckerberg blames overhiring

India Today  

The tech industry is going through turmoil right now. While the company hasn’t confirmed the number of employees it plans to fire, a report last week stated that Meta will ask thousands of employees to leave the company. According to The Washington Post, Meta's job cuts could be relatively smaller on a percentage basis than Twitter’s job cuts but the …

Mark Zuckerberg sacks 11,000 Meta staff
2 years, 1 month ago

Mark Zuckerberg sacks 11,000 Meta staff

The Telegraph  

Mark Zuckerberg has sacked more than 11,000 employees at Meta in the largest cull in the company’s 18-year history as a wave of job cuts across Silicon Valley deepens. In an email to staff, Mr Zuckerberg said: “Today I’m sharing some of the most difficult changes we’ve made in Meta’s history. I know this is tough for everyone, and I’m …

After Twitter, Facebook\'s firm too likely to witness layoffs
2 years, 1 month ago

After Twitter, Facebook\'s firm too likely to witness layoffs

Deccan Chronicle  

NEW YORK: After job cuts at Twitter, Facebook's parent company Meta is planning to begin large-scale layoffs this week in what could be the largest reduction to date at a “major technology corporation in a year that has seen a tech-industry retrenchment,” a media report said. While smaller on a percentage basis than the cuts at Twitter Inc. this past …

Mark Zuckerberg hints at lay offs at Meta in future, feels there are many employees doing nothing
2 years, 4 months ago

Mark Zuckerberg hints at lay offs at Meta in future, feels there are many employees doing nothing

India Today  

Meta is bracing for a tough quarter ahead. Recently, its CEO, Mark Zuckerberg, made it very clear that Meta has some, if not many workers, who probably don't belong at the company. As pointed out by The Verge, Zuckerberg, in an internal call with employees, even went ahead to cancel Meta Days -- extra vacation days for employees introduced during …

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