Meta, formerly known as Facebook, is expecting to issue another round of mass layoffs Wednesday (4/19/2023), according to a report from Vox that cites “several sources working at the company.”
Are we surprised? No
The expected layoffs are part of a restructuring process that the CEO of Meta considered the “year of efficiency.” In March 2023, Mark Zuckerberg announced Meta would cut 10,000 jobs in the “coming months.” These 10,000 jobs were said to be part of “low-priority projects”, bringing the total to 21,000 jobs because of the 11,000 jobs that were cut back in November 2022.
The number of layoffs is expected to be around 4,000, a source has told Vox Magazine. Mark Zuckerberg previously said April cuts would affect roles in tech departments, while another round of layoffs planned for May will hit the business side.
Who will be affected?
Some speculations flew around and projects and teams related to the Facebook App, and Reality Labs would be most affected by this round of meta layoffs. Those working on game development are said to be safe for now since Meta is trying to get into the Metaverse industry.
More to come, developing story.