Meta job cut – pressnews

Meta lays off tech teams, battering employee morale

20Apr

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Technology

Meta lays off tech teams, battering employee morale

[ad_1] Meta Platforms Inc on Wednesday carried out another round of job cuts, this time hitting engineers and adjacent tech teams, as Chief Executive Mark Zuckerberg further moved to streamline the business in a bid to make 2023 a "year of efficiency."Meta in March became the first Big Tech company to announce a second round of mass layoffs, which it said would take place in three main batches over several months and impact 10,000 employees. Wednesday's cuts, though expected, prompted expressions of frustration from Meta employees. Layoffs were the subject of the most popular questions posted on an internal company forum on Wednesday ahead of an upcoming employee town hall. "You've shattered the morale and confidence in leadership of many high performers who work with intensity. Why sho...

A 2nd wave of layoffs at Meta; 10,000 jobs are cut

[ad_1] Facebook parent Meta is slashing 10,000 jobs, about as many as the social media company announced late last year in its first round of cuts, as uncertainly about the global economy hits the technology sector particularly hard. The company announced 11,000 job cuts in November, about 13% of its workforce at the time. In addition to the layoffs, Meta said Tuesday that it would not fill 5,000 open positions. “This will be tough and there's no way around that,” said CEO Mark Zuckerberg. Meta and other tech companies have been hiring aggressively for at least two years and in recent months have begun to let some of those workers go. Hiring in the U.S. is still strong, but layoffs have hit hard in some sectors. Early last month, Meta posted fa...

Meta to Cut Headcount for First Time, Slash Budgets Across Teams

[ad_1] Mark Zuckerberg says social giant will end 2023 as a “somewhat smaller” organization Meta Platforms Inc. Chief Executive Officer Mark Zuckerberg outlined sweeping plans to reorganize teams and reduce headcount for the first time ever, calling an end to an era of rapid growth at the social media giant. In what would be the first major budget cut since the founding of Facebook in 2004, Zuckerberg said the company will freeze hiring and restructure some teams to trim expenses and realign priorities. Meta will likely be smaller in 2023 than it was this year, he said He announced the freeze during a weekly Q&A session with employees, according to a person in attendance. He added that the company would reduce budget...