Meta CEO Mark Zuckerberg has announced another large-scale round of layoffs that will affect 10,000 employees across companies such as Facebook and Instagram. The layoffs are set to begin at the end of April and are expected to be completed by the end of 2023. Meta will also close approximately 5,000 currently vacant positions to achieve a more efficient organizational structure. Zuckerberg emphasized that the company will become more streamlined, cancelling redundant or low-priority projects this year and striving to maximize efficiency in every department. These changes will make Meta a smaller company, and their long-term impact remains to be seen.
Meta had already laid off 11,000 employees in November 2022, setting a record for the largest layoff in the company’s history.