Meta Lays Off More Than 11,000 Employees
added on 2022/11/09 @ 13:36:10 | 436 views| category: general-tech

Today I’m sharing some of the most difficult changes we’ve made in Meta’s history. I’ve decided to reduce the size of our team by about 13% and let more than 11,000 of our talented employees go. We are also taking a number of additional steps to become a leaner and more efficient company by cutting discretionary spending and extending our hiring freeze through Q1.

I want to take accountability for these decisions and for how we got here. I know this is tough for everyone, and I’m especially sorry to those impacted.


The New York Times article:
https://www.nytimes.com/2022/11/09/technology/meta-layoffs-facebook.html

The parent of Facebook, Instagram and WhatsApp reduced its work force by 13 percent and extended a hiring freeze through the first quarter of next year.

Since Mark Zuckerberg founded Facebook in 2004, the Silicon Valley company has steadily hired more employees. At the end of September it had amassed its largest-ever number of workers, totaling 87,314 people.

But on Wednesday, the company — now renamed Meta — began cutting jobs, and deeply.

Meta said it was laying off more than 11,000, or about 13 percent of its work force, in what amounted to the company’s most significant job cuts. The layoffs were made across departments, though some areas, like recruiting, were affected more than others.

tags: #facebook #meta #layoff