Facebook’s parent company expected to announce more job cuts

  • 📰 cleveland19news
  • ⏱ Reading Time:
  • 39 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 68%

Business News News

Business Business Latest News,Business Business Headlines

An internal memo said pink slips are on their way.

It’s part of a monthslong downsizing and restructuring effort that will trim 10,000 employees amid multiple waves of layoffs.

According to an internal memo obtained by the Washington Post, Meta’s head of human resources, Lori Goler, wrote Tuesday evening that the company will start notifying employees on its technical teams whose jobs are being cut. Meta is also poised to announce newly reorganized teams and management hierarchies as the social media giant seeks to become leaner and more efficient.

According to Goler, teams working on Facebook, WhatsApp, Messenger, Instagram and the virtual-reality division reality labs among others will be affected. The latest layoffs build on November workforce cuts that slashed 11,000 jobs, or about 13% of Meta’s workforce, in the first widespread layoffs in the company’s history.Copyright 2023 CNN Newsource. All rights reserved.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 70. in BUSİNESS

Business Business Latest News, Business Business Headlines