Facebook’s parent company, Meta, began implementing job cuts across all Metaverse companies on Wednesday, April 19. The move, which will eventually cut 10,000 jobs across Facebook, WhatsApp, Instagram and Reality Labs, is part of Meta’s goal of “greater efficiency.”
The development came after Meta notified directors of the shocking announcement of members of their team set to be laid off by the company.
It’s not immediately clear how many of those 10,000 jobs were eliminated after Meta’s April 19 notification to managers at several Metaverse companies.
The memo, which was seen by Bloomberg News, indicated that the teams in Meta will be reorganized. Many of the employees still employed after the latest round of layoffs will be reassigned to new managers.
All employees who can work from home in North America have reportedly been told to continue to do so in order to “process the news,” the content of the memo said.
Already, Meta cut about 13 percent, or 11,000 jobs, in November. This means that in two quarters or six months, Meta could have knocked a total of 21,000 people out of their jobs.
Also watch | Another round of mass layoffs begins in Meta, to cut another 10,000 jobs
WION reported in February 2023 about Meta’s delay in preparing team budgets, which sparked speculation of further layoffs, a possibility that was officially announced shortly after.
The Meta’s “year of efficiency”, a year of layoffs
Meta has also extended a hiring freeze through the first three months of 2023.
In March, Zuckerberg called 2023 the “year of efficiency.”
“We expect to announce restructuring and layoffs in our technology groups in late April, and then our business groups in May,” he wrote.
As Zuckerberg himself explained, Meta plans to cut out business-facing roles, such as finance, legal, and human resources, in May 2023.
Meta layoffs: India is among the affected regions
According to a CNBC TV18 report, employees in India will also be affected by the second round of layoffs. The news platform quoted a person familiar with the matter as saying that people in technical roles will be among those to be laid off.
Several laid-off Meta employees have taken to LinkedIn to inform their networks about Meta job cuts affecting thousands in multiple regions where the company operates.
In a LinkedIn post, Teresa Jimenez, former business program director at Facebook, said, “I woke up this morning to the unfortunate news that I was among the many laid off from the Meta today. While I’m certainly disappointed, I’m also #verygreatful for the opportunity to work alongside Together with some of the most talented individuals for nearly 3 years!”
You can Write now for wionews.com And be part of the community. Share your stories and opinions with us here.