According to a few people working in Meta, the social media giant is planning to lay off over 11,000 employees this week. The layoffs are part of a larger reorganisation at Meta, which CEO Mark Zuckerberg has nicknamed the year of efficiency.
Facebook's parent company Meta began executing job cuts across all Metaverse companies on Wednesday, April 19. The move, which will eventually eliminate 10,000 positions across Facebook, WhatsApp, Instagram and Reality Labs, is part of Meta's goal of "greater efficiency".
The development came after Meta notified managers to make the dreadful announcement to their team members designated to be laid off by the company.
The tech industry has laid off more than 280,000 workers since the start of 2022, with about 40 per cent of them coming this year, according to layoffs tracking site layoffs.
If Meta and YouTube could go against Russia because of the invasion and occupation of Ukraine, why did they not do the same against Israel for the invasion and occupation of Palestine?
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.