Zuckerberg’s Meta to lay off another 10,000 employees
Mark Zuckerberg’s Meta is laying 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.
The restructuring, which also sees a further 5,000 unfilled job adverts closed without hiring, comes less than six months after the company announced another wave of 11,000 redundancies. At its peak in 2022, Meta 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 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.
“A leaner org will execute its highest priorities faster,” he added. “People will be more productive, and their work will be more fun and fulfilling. We will become an even greater magnet for the most talented people. That’s why in our Year of Efficiency, we are focused on canceling projects that are duplicative or lower priority and making every organization as lean as possible.”
Zuckerberg’s note also hinted at a reversal of the company’s moves
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