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Meta to Lay Off an additional 10,000 Workers

Meta CEO Mark Zuckerberg said Tuesday the company plans to cut 10,000 employees, citing 2023 as the company’s “year of efficiency.”

Meta image: — © AFP Megan JELINGER
Meta image: — © AFP Megan JELINGER

Meta CEO Mark Zuckerberg said Tuesday the company plans to cut 10,000 employees, citing 2023 as the company’s “year of efficiency.”

The latest layoff will affect roughly 13 percent of its workforce, reports the New York Times. The company could incur restructuring costs ranging from three to five billion dollars.

The layoffs will affect its recruiting team this week, with a restructuring of its tech and business groups to come in April and May, Mr. Zuckerberg said in a memo posted on the company’s website.

'I want to take accountability for these decisions and for how we got here,' boss Mark Zuckerberg said in a note to staff
‘I want to take accountability for these decisions and for how we got here,’ boss Mark Zuckerberg said in a note to staff – Copyright AFP/File Ben STANSALL

“Here’s the timeline you should expect: over the next couple of months, org leaders will announce restructuring plans focused on flattening our orgs, canceling lower priority projects, and reducing our hiring rates,” Zuckerberg said in a message to employees, which was also posted to Meta’s blog.

He added that the company plans to close 5,000 additional open roles that it hasn’t yet filled. In a nod to continued economic uncertainty, Zuckerberg noted that the company should prepare for “the possibility that this new economic reality will continue for many years.”

The new announcement is the company’s second round of cuts within the past half year. In November, Meta laid off more than 11,000 people or about 13 percent of its workforce at the time.

Other tech companies like Amazon, Google, and Microsoft announced layoffs affecting tens of thousands of workers in total earlier this year, with Spotify, Vimeo, and DoorDash also carrying out recent job cuts.

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We are deeply saddened to announce the passing of our dear friend Karen Graham, who served as Editor-at-Large at Digital Journal. She was 78 years old. Karen's view of what is happening in our world was colored by her love of history and how the past influences events taking place today. Her belief in humankind's part in the care of the planet and our environment has led her to focus on the need for action in dealing with climate change. It was said by Geoffrey C. Ward, "Journalism is merely history's first draft." Everyone who writes about what is happening today is indeed, writing a small part of our history.

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