Meta could soon have another round of layoffs after already letting go of around 25,000 employees in the past six months.
Facebook-parent company Meta in March became the first Big Tech company to announce a second round of layoffs. So far, the company has shrunk its workforce by around 25,000 employees over three rounds of layoffs. Now, it seems like another round of job cuts is on the horizon for the social media giant.
The next round of layoffs will affect the company’s business department, according to a report by Vox, which cited a recording of a company-wide meeting where Meta president of global affairs Nick Clegg announced the move.
“The third wave is going to happen next week. That affects everybody in the biz teams, including in my orgs. (sic) It’s just a time of great anxiety and uncertainty. I wish I could have some easy way of providing solace or comfort. It is uncertain. And actually, it’s really increased my admiration for the way that everyone — notwithstanding that uncertainty — you’re just displaying such resilience and professionalism,” said Clegg in the meeting, according to Vox.
Meta has already had three rounds of layoffs in about six months. The first round in November 2022 saw 11,000 employees being let go, according to The Verge. Another 10,000 followed in the next round in March, and in April, the company also laid off another 4,000 of its employees.
The latest round of layoffs at Meta is happening in a year that Mark Zuckerberg is calling the “year of efficiency.” During the company-wide meeting, Clegg said that this round would follow a process similar to the cuts in April when 4,000 roles were eliminated from the tech departments.
This would mean that the afternoon before the layoffs happen, Meta’s head of people will post a note to employees with details about the layoffs, including when it will begin and which teams will be affected. Those affected by the layoffs will be notified first, followed by non-impacted employees.
Source:indianexpress.com