Facebook nears completion of eliminating 10,000 jobs

Robert Besser
28 May 2023, 05:09 GMT+10

Facebook owner Meta Platforms has again cut jobs across its business and operations units
On LinkedIn, employees working in areas such as marketing, site security, enterprise engineering, program management, content strategy and corporate communications announced that they were let go
This is part of the last stage of a three-series round of staff layoffs, part of a plan announced in March to cut 10,000 positions

MENLO Park, California: As part of the last stage of a three-series round of staff layoffs, part of a plan announced in March to cut 10,000 positions, Facebook owner Meta Platforms has again cut jobs across its business and operations units.

On LinkedIn, employees working in areas such as marketing, site security, enterprise engineering, program management, content strategy and corporate communications announced that they were let go.

The posts also showed that the social media giant cut employees from its units focused on privacy and integrity.

After cutting more than 11,000 employees in the autumn last year, earlier this year, Meta became the first Big Tech company to announce a second round of mass layoffs, which brought the company's headcount down to mid-2021 levels, following a hiring spree that doubled its workforce since 2020.

In March, Meta Chief Executive Mark Zuckerberg said that most of the second round firings would take place in three "moments" over several months, largely ending in May.

The cuts have largely targeted non-engineering roles, and Zuckerberg has pledged to restructure business teams "substantially" and return to a "more optimal ratio of engineers to other roles."

After cutting recruiting teams in March, some 4,000 employees lost their jobs in April, Zuckerberg said.

Meanwhile, the social media company said the latest cuts would affect some 490 employees at its international headquarters in Dublin, or some 20 percentage of its Irish workforce.

Meta's layoffs followed months of declining revenue growth amid high inflation and a digital ad downturn following the COVID-19 pandemic era e-commerce boom.

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