Meta Layoffs: The impact of economic downturn is being felt across various industries. In recent times, numerous large and small companies worldwide have been forced to downsize their workforce.
Adding to these unfortunate developments, Meta, the parent company of Facebook, WhatsApp, and Instagram, is reportedly planning to lay off an additional 10,000 employees across its different platforms. This news has been reported by several media outlets. Previously, in November 2022, Meta had already laid off 11,000 employees.
As a result of these job cuts, Meta’s employee count will return to the level it was at in mid-2021. During the COVID-19 pandemic, the company experienced significant growth and had been actively hiring since 2020. The company has communicated this downsizing information through the professional social media platform, LinkedIn. Employees in the Ad Sales team, Marketing, and Partnership team are expected to be impacted by these layoffs.
The company made an announcement regarding upcoming changes in March
Earlier in March, the company had stated its intentions to downsize its workforce, with plans to lay off additional employees in its technology group by the end of April. Furthermore, at the end of May, individuals from the business group will also face job cuts. Mark Zuckerberg, the Chief Executive of Meta, expressed the challenges ahead and acknowledged that there is no alternative. He mentioned that it would be difficult to part ways with talented and passionate colleagues who have contributed to the company’s success.