San Francisco. A few months ago, Facebook’s parent company Meta had largely shown the way out to employees. This time again Meta CEO Mark Zuckerberg has given a big blow to his employees. According to a report, Meta said on Tuesday that it will cut about 10,000 jobs in the second round of layoffs. Let us tell you that Meta is the first Big Tech company to announce the second round of mass layoffs. The company had shown the way out to 11,000 employees about four months ago.
“We expect to reduce the size of our team by approximately 10,000 people and close approximately 5,000 additional open roles,” Meta CEO Mark Zuckerberg said in a message to employees. The Facebook-parent firm said it expected to begin re-structuring and layoffs in its technology groups in April and to begin the process of impacting business groups in May.
Apart from this, CEO Zuckerberg said that “It will be difficult and we have no way out of it. This will mean saying goodbye to the talented and passionate associates who have been a part of our success. They have dedicated themselves to our mission and I am personally grateful for all their efforts.” The layoffs are part of a wider restructuring at Meta that will see the company flatten its organizational structure, cancel low-priority projects and reduce its hiring rates as part of the move. The news sent Meta’s shares up 2% in premarket trading.
