Meta plans to lay off thousands more, according to an article based on anonymous sources by The Washington Post. The article reports that the company is preparing for a restructuring and downsizing process that could affect thousands of employees. The report suggests that some executives will be given lower-level roles and some employees may be let go after their positions are changed.
The article also suggests that Meta is considering ending some projects, and that the process will be widespread throughout the company in the coming months.
More than 11,000 Layoffs at Meta!
The article references previous statements by Meta CEO Mark Zuckerberg, who declared 2023 as the “year of efficiency”. Last November, Zuckerberg shared a message with company employees announcing a 13% reduction in the workforce and more than 11,000 job cuts.
Meanwhile, Bloomberg reports that consulting firm McKinsey is preparing to lay off approximately 2,000 employees who do not have direct contact with clients.
The Wave Of Layout Is Growing
As the pandemic continues to affect the global economy, job cuts in the technology industry and other sectors continue to be announced. Many US technology companies, including Meta and Amazon, began cutting jobs or pausing new hires last year. Microsoft, Alphabet (Google’s parent company), IBM, Ford, and Dow have also announced plans to lay off employees this year.
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