A 2nd wave of layoffs at Meta 10,000 jobs are cut - Terrace Standard

The company announced 11,000 job cuts in November, about 13% of its workforce at the time. In addition to the layoffs, Meta said Tuesday that it would not fill 5,000 open positions.Meta and other tech companies have been hiring aggressively for at least two years and in recent months have begun to let some of those workers go. Hiring in the U.S. is still strong, but layoffs have hit hard in some sectors.

The Menlo Park, company said Tuesday it will reduce the size of its recruiting team and make further cuts in its tech groups in late April, and then its business groups in late May. “As I’ve talked about efficiency this year, I’ve said that part of our work will involve removing jobs — and that will be in service of both building a leaner, more technical company and improving our business performance to enable our long term vision,” said Zuckerberg.This month, Amazon paused construction on its second headquarters in Virginia following the biggest round of layoffs in the company’s history and its shifting plans around remote work.

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Meta to lay off 10K employees in 2nd round of job cubs - National | Globalnews.caThe tech industry has laid off more than 280,000 workers since the start of 2022, with about 40 per cent of them coming this year, according to layoffs tracking site layoffs. Oh yeah… gotta hate those 2nd round job cubs… 🐻 I wonder if they will be eviscerated as Twitter was when they had a lot of lay offs. THE NEXT SHOE TO DROP IS UNEMPLOYMENT IN A BIG WAY CAUSING MANY DEFAULTS
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