Meta will cut another 10,000 jobs, according to company memo

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BREAKING: The layoff comes soon after another 11,000 last November.

fired 11,000 workersMeta chief executive Mark Zuckerberg said the changes would be "difficult" and formed part of a "year of efficiency."said in the letter. "I've decided to reduce the size of our team by about 13% and let more than 11,000 of our talented employees go. We are also taking a number of additional steps to become a leaner and more efficient company by cutting discretionary spending and extending our hiring freeze through Q1.

In a memo to staff on Tuesday, he stated, "We will let recruitment team members know tomorrow whether they're impacted. No new employees will be brought on until the restructuring is finished, according to Mr. Zuckerberg, who also stated that he wanted to "flatten" the organization by getting rid of several layers of administration.

 

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