Meta, which owns Facebook, Instagram and WhatsApp, is cutting an additional 10,000 jobs and also withdrawing plans to fill the 5,000 open positions, according to a statement released this Tuesday.
In the note, signed by company president Mark Zuckerberg, Meta said that “in the coming months” management will announce “restructuring plans” to make organizations more efficient, “cancel lower-priority projects” and accelerate the pace of reduce recruitment. The group will therefore reduce the recruitment team.
Meta also stressed that it expects to announce restructuring and terminations in the companies it manages between the end of April and May, but in some cases it could take as long as “the end of the year.”
“Globally, we expect to reduce our team size by approximately 10,000 people and nearly 5,000 additional positions to fill”he added in the same tone.
Admitting that this process will be “tough”, Meta guaranteed that “there is no other alternative”.
Following the restructuring, the company says it will reverse the “hiring and transfer freeze” in every group of companies it manages, and the group plans to finish its analysis of “hybrid work” annual results in the summer. laps.
Late last year, Meta announced it would lay off about 11,000 workers, 13% of its workforce.
These layoffs, according to Mark Zuckerberg at the time, were intended to make the company more agile and efficient and respond to changes in the economic and business environment.
Last year, Meta’s profit fell by 41% to 23,200 million dollars (21,656 million euros).
Technologies have been affected by inflation, the fragility of the advertising market, increased competition and other factors.
Earlier this year, 12 global tech companies announced they would cut more than 74,000 jobs by 2023, not counting the 21,000 cuts announced by Meta and Amazon in November.
According to reports from Lusa, based on information released by 12 of the top tech companies, most of them North American, more than 74,000 jobs will be cut, including Alphabet, which owns Google, Microsoft, Disney and even Spotify.
Source: DN
