Meta: Meta Will Terminate 10,000 More Workers

Mar 15, 2023 | Posted by Abdul-Rahman Oladimeji

After letting go of around 11,000 workers in the latter part of last year, Meta aims to let go of about 10,000 individuals. As part of CEO Mark Zuckerberg's 'Year of Efficiency' appeal to investors to improve a falling share price, the corporation will also eliminate 5,000 unfilled positions. Meta had more over 87,000 employees before the job layoffs in November, but will only have about 66,000 by the time the cuts are finished. According to Zuckerberg, there is no getting around the difficulty of this. The uncertainty about who may lose their employment makes things worse for staff.

In the coming months, org executives will unveil reorganization plans aimed at flattening their organizations, shelving lower priority initiatives, and lowering recruiting rates, according to Zuckerberg. The recruitment team, whose destiny will be revealed tomorrow, will be the first to be eliminated. 
In late April, they will be announcing restructurings and layoffs in their IT groups, and in late May, in their business organizations. These adjustments might not be finished in a few situations until the end of the year. They will also have distinct timetables for overseas teams, and local leaders will provide further information afterward. 

The corporation invests billions in VR, AR, and virtual worlds, with mixed results, so it is unknown how the layoffs would affect its metaverse initiatives. 
In addition, Meta is redesigning its data center architecture, terminating contracts, and saving billions of dollars as it creates more flexible facilities suited for AI workloads.