(News Bulletin 247) – Meta, the parent company of Facebook, announced on Tuesday its intention to cut some 10,000 additional positions in its global workforce, the latest manifestation of the technology group’s desire to streamline its structure.
In an email sent to company employees, its chief executive Mark Zuckerberg explains that a new wave of layoffs affecting its technology teams will be unveiled at the end of April, before further job cuts in its administrative teams at the end of May. .
In addition to these workforce reductions, the group plans to give up filling the opening of 5,000 new positions that had not yet been filled.
In his letter, Mark Zuckerberg justifies his decision by the need to eliminate several organizational layers at the management level as part of what he considers to be a ‘year of efficiency’ for the group.
“Since we downsized last year, one of the most surprising results has been that things are moving much faster,” he explained.
Meta had already expressed last November its desire to reduce the size of its teams by 13%, the equivalent of approximately 11,000 departures of employees.
Following the announcement of this latest wave of layoffs, Meta shares rose more than 5.5% Tuesday morning in early trading on the New York Stock Exchange.
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