Grim update for one of world’s largest social media companies

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.facebook parent Meta has begun its latest round of layoffs focusing on technical workers, who are often thought of as more immune to job cuts in Silicon Valley. 7NEWS

Among those affected by Wednesday’s layoffs were members of the company’s sustainability, well-being, user experience, news feed and messaging teams, according to public LinkedIn posts.told North American employees to work from home on Wednesday in anticipation of the layoffs.

that it was eliminating approximately 13 per cent of its workforce, or 11,000 jobs, in the single largest round of cuts in its history. following repeated revenue declines, heightened competition, concerns about user growth and big losses in its Reality Labs division amid its pivot to building the so-called metaverse.

Zuckerberg said last month that, in some cases, it may take through the end of this year to complete its staff restructuring processes.

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