Meta Platforms has started with another round of layoffs across the board today as it reorganizes teams and pursues founder Mark Zuckerberg’s vision of higher productivity.
Facebook’s parent firm alerted managers in a note acquired by Bloomberg News that job cuts would be announced on Wednesday. It implies that the company’s virtual reality initiatives at Reality Labs, Facebook, WhatsApp, Instagram, and Quest hardware will all be impacted.
According to Zuckerberg’s announcement in March, the action is a part of a cost-cutting drive that will eventually result in the dismissal of 10,000 jobs at the corporation. In May, there will be yet another round of layoffs.
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In November, Meta had laid off 11,000 employees, or around 13% of its staff. Additionally, it prolonged a hiring ban throughout the first quarter. According to Zuckerberg’s remarks, the corporation intends to cut costs and equalize the proportion of technologists and engineers to business and administrative workers.
According to the memo sent to managers, teams will be reorganized and a number of surviving individuals will be reassigned to work for new supervisors. Meta has requested that all North American workers who are able to work remotely to do so on Wednesday so that they can grapple with the news.
A representative for the company declined to comment, citing Zuckerberg’s “year of efficiency” announcement from March, which stated, “We expect to announce restructurings and layoffs in our tech groups in late April, and then our business groups in late May.”
