Meta, the company that owns Facebook and Instagram, plans to lay off 10,000 workers and close 5,000 open roles in the coming months after making cuts in the company’s workforce in November, CEO Mark Zuckerberg said.
“In a small number of cases, it may take through the end of the year to complete these changes,” he said. “Our timelines for international teams will also look different, and local leaders will follow up with more details. Overall, 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.
“This will be tough and there’s no way around that,” the CEO said Monday. “It will mean saying goodbye to talented and passionate colleagues who have been part of our success. They’ve dedicated themselves to our mission and I’m personally grateful for all their efforts. We will support people in the same ways we have before and treat everyone with the gratitude they deserve.”Check back for more on this developing story.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Meta to layoff 10,000 employees, Zuckerberg saysMeta, the company that owns Facebook and Instagram, plans to lay off 10,000 workers and close 5,000 open roles after making cuts in the company’s workforce in November, CEO Mark Zuckerberg said.
Read more »
Meta to Lay Off 10,000 More Employees, Mark Zuckerberg SaysMeta, parent company of Facebook and Instagram, is pink-slipping another 10,000 employees, coming on the heels of laying off 11,000 last fall. Mark Zuckerberg, Meta’s co-founder and CEO, anno…
Read more »
Facebook-parent Meta plans to lay off another 10,000 employees | CNN BusinessFacebook-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.
Read more »
Meta to block access to news on Facebook, Instagram if Online News Act adoptedMeta spokesperson Lisa Laventure says the company made the decision because the act will require it to pay publishers for links or content it doesn’t post. cdnpoli
Read more »
Tech layoffs 2023: Facebook parent Meta could slay thousands of jobs next weekMeta, the parent company of Facebook, is set to make additional layoffs that will be conducted in several rounds over the upcoming months.
Read more »