In total, the cuts represent just under a quarter of the company’s 86,000-strong workforce – Last December it cut another 11,000 jobs
The parent company Facebook meta confirmed that he would cut 10,000 jobs in the coming months, on top of the 11,000 cut last December, shrinking its headcount by 13%.
In total, the cuts represent just under a quarter of the company’s workforce of 86,000. Founder Mark Zuckerberg made the announcement on his Facebook page, sharing the internal memo he sent to his employees.
In the US, recruiting teams will be the first to see jobs cut. In technology groups the job cuts will start at the end of April and in business sectors from May.
“In total, we expect to reduce the size of our team by approximately 10,000 people and close approximately 5,000 additional open roles that we have not yet filled. It will be difficult and there is no way around it. This means we have to say goodbye to talented and passionate colleagues who have been part of our success.”said Mark Zuckerberg.
The layoffs are part of a broader strategy to make the company more “efficient and frugal” he emphasized.
The market reacted positively to the news and the company’s shares rose 5.5% after Zuckerberg’s announcement
After the new layoffs, Meta will have approximately 60,000 employees.
Source :Skai
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