Meta, which owns Facebook, Instagram and WhatsApp, will cut another 10,000 jobs and also retract plans to fill the 5,000 vacancies it had opened, according to a statement released Tuesday.
In the note, signed by the company’s president, Mark Zuckerberg, Meta said that “in the coming months” his management will announce “restructuring plans” to make organizations more efficient, “cancelling projects of lower priority” and reducing the pace of contracts. Therefore, the group will reduce the size of its recruiting team.
Meta also stressed that it expects to announce the restructuring and termination of the companies it manages between the end of April and May, but in some cases it could take until the “end of the year.”
“Globally, we expect to reduce the size of our team by around 10,000 people and close to 5,000 additional positions that had not yet been filled,” he added, in the same note.
Admitting that this process will be “hard”, Meta guaranteed that “there is no other alternative”.
Following the restructuring, the company says it will reverse the “hiring and transfer freeze” at each group of companies it manages, and the group aims to complete its results analysis for the “hybrid work” year in the summer.
At the end of last year, Meta announced that it would lay off some 11,000 workers, 13% of its workforce.
These layoffs, according to Mark Zuckerberg at the time, were aimed at making the company more agile and efficient and responsive to changes in the economic and business environment.
Last year, Meta’s profits fell by 41% to 23,200 million dollars (21,656 million euros).
Technological ones have been affected by inflation, the fragility of the advertising market, increased competition and other factors.
At the beginning of this year, 12 global technology companies had already announced the elimination of more than 74,000 jobs in 2023, not counting the reduction announced by Meta and Amazon, in November, of 21,000 people.
According to calculations made by Lusa, based on information disclosed by 12 of the main technology companies, most of them North American, more than 74,000 jobs will be eliminated, including Alphabet, owner of Google, Microsoft, Disney and even Spotify.
Source: TSF
