More Meta Layoffs

The parent company of Facebook, Instagram and WhatsApp intend to lay off another 10,000 people and instituting a further hiring freeze as part of the company’s “Year of Efficiency”, the chief executive announced in a Facebook post on Tuesday. 

 

Meta's restructuring, which also sees a further 5,000 unfilled job adverts closed without hiring, comes less than six months after the company announced a wave of 11,000 redundancies. At their peak in 2022, Mark Zuckerberg's company had grown to 87,000 employees globally, with a substantial portion of that hiring occurring since the onset of the Covid pandemic. 

 

“This will be tough and there’s no way around that”, Zuckerberg wrote in a blogpost. “Over the next couple of months, org leaders will announce restructuring plans focused on flattening our orgs, canceling lower priority projects, and reducing our hiring rates”. 

 

Restructuring and layoffs in Meta’s tech groups are expected in late April and in business groups in late May. 

 

The end goal of the restructure is “to improve organizational efficiency, dramatically increase developer productivity and tooling, optimize distributed work, garbage collect unnecessary processes, and more”, Zuckerberg (left) said. He highlighted issues including managers with very few staff to oversee and projects he said do not justify the organizational overhead to support them.

 

These days, "layoffs" will be uppermost on tech workers' minds! 

 

Real Madrid predictably progress to the Champions League quarterfinals after a 1-0 second-leg win over Liverpool on Wednesday gave them a 6-2 victory on aggregate.