Meta to lay off another 10,000 employees

Meta has announced another round of layoffs in 2023. Last year, the company fired as many as 11,000 employees and it is now all set to sack 10,000 more workers.
Meta has announced the latest layoff news in a blog post and the tech giant has also apologized for its latest decision.
According to international media reports, Meta’s CEO Mark Zuckerberg also confirmed that restructurings and layoffs in tech groups will be done in late April, and business groups will be affected in late May.
“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. With less hiring, I’ve made the difficult decision to further reduce the size of our recruiting team. We will let recruiting team members know tomorrow whether they’re impacted,” he said in an email sent to laid-off Meta employees.
The CEO has also revealed that the tech giant will also eliminate 5,000 open roles in the coming months. He asserted that the layoff process will continue until the end of the year because firings at different levels and regions will take time. The company didn’t reveal details about severance packages for impacted Meta employees.
“In a small number of cases, it may take through the end of the year to complete these changes. Our timelines for international teams will also look different, and local leaders will follow up with more details. Overall, we expect to reduce our team size by around 10,000 people and to close around 5,000 additional open roles that we haven’t yet hired,” the CEO said.