Meta reportedly laying off about 4,000 employees after 3rd job cut

It is reported that Meta, which operates Facebook, Instagram, etc., is planning to reduce the number of personnel for the third time, and that there is a possibility of laying off 4,000 people.

Facebook and Instagram owner Meta is on its next round of layoffs - Vox

Another round of mass layoffs expected at Meta this week | TechCrunch

In November 2022, Meta's CEO Mark Zuckerberg announced a large-scale personnel reduction due to the economic recession, dismissing 11,000 people, or 13% of the workforce.

CEO Mark Zuckerberg announces that he will dismiss 11,000 people, which is about 13% of Meta employees, admits that he misunderstood the growth trend of e-commerce - GIGAZINE

Meta also laid off thousands of employees related to 'low-priority projects' in March 2023, following a staff reduction in November 2022.

Report that Meta will cut thousands of people for the second time since November 2022 - GIGAZINE

Meta has made two large-scale personnel reductions so far, but it is reported that the third personnel reduction will be carried out in April 2023, and about 4,000 employees will be reduced. You may get fired.

Regarding the large-scale personnel reductions so far, Mr. Zuckerberg said in November 2022 that the surge in e-commerce due to the epidemic of the new coronavirus infection led to a significant increase in Meta's revenue, but the economy It reveals that earnings fell significantly below expectations due to setbacks and intensifying competition, and it was forced to reduce personnel. In addition, he suggested that 2023 would be the 'Year of Efficiency' and focus on efforts to lower the company's costs.

Zuckerberg said in March 2023, 'In the coming months, organizational leaders will announce restructuring plans focused on flattening the organization, discontinuing low-priority projects, and reducing hiring rates.' ``The layoffs have been a very difficult decision for us to make, and there is no way around it,'' he said . According to Mr. Zuckerberg, the employee reductions in April will be mainly for the technical department, and in May there will be employee reductions for the business department.

An anonymous employee told foreign media Vox , ``We are tired of these job cuts and are turning away now.'' 'It's a lot of stress to keep worrying about the dismissal even though you can't do anything about it,' he said.

Vox said, 'This layoff at Meta is just the beginning of the next wave of layoffs, not the end.'