Meta, formerly known as Facebook, is set to announce companywide layoffs across its platforms including Facebook, WhatsApp, Instagram, and Reality Labs. This move is part of the cost-cutting push that aims to eliminate 10,000 positions at the company, as announced by founder Mark Zuckerberg in March.
Managers were informed to prepare for the announcement of job cuts on Wednesday through a memo, according to Bloomberg News. The memo also stated that Meta will restructure teams, and the remaining employees will be reassigned to work under new managers. Teams will be reorganized, and the ratio of technologists and engineers to business and administrative staff will be rebalanced.
In November, the company already cut about 13% of its workforce, or around 11,000 jobs. The first round of job cuts will impact all the company’s platforms, including Reality Labs, which houses the firm’s virtual reality efforts and Quest hardware.
A further round of cuts is set to follow in May, and the company spokesperson has declined to comment on the matter. However, Meta will ask all North American employees who can work from home to do so on Wednesday to have time to process the news.
The restructuring and layoffs are part of Meta’s efforts to become more efficient, as Zuckerberg has stated that the company would aim to become leaner and rebalance its ratio of technologists and engineers to business and administrative staff.
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