Meta’s logo can be seen at the company’s headquarters in Menlo Park, Calif | AP
Facebook-parent Meta Platforms said on Tuesday it would cut 10,000 jobs, just four months after it let go 11,000 employees, the first Big Tech company to announce a second round of mass layoffs.
"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," Reuters reports quoting Chief Executive Officer Mark Zuckerberg's message to staff.
As layoffs continue in technology companies, social media giant Facebook's parent firm Meta is reportedly planning to sack more employees as early as this week. According to a report, the Mark Zuckerberg-led company could reduce jobs over and above the 13% reduction in the total workforce that took place in November last year, The New Indian Express had reported recently.
Besides Meta, other tech companies such as Google, Amazon, Twitter and Microsoft have also slashed their workforce as tech companies have been facing an uncertain global macroeconomic environment for the past few months. Last month, Dell said that it will be laying off 5% of its workforce- about 6,650 employees globally. According to Layoffs.fyi, which tracks layoffs, 292 tech companies have laid off 88,138 employees in 2023 alone.
