Today meta* Platforms has initiated a final wave of layoffs. The cuts to the plan announced in March to lay off 10,000 workers have been divided into three phases and now it’s time for the final one, according to a source familiar with the matter.
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Meta* This year it became the first IT giant to announce a second wave of mass layoffs after laying off more than 11,000 employees in the fall of 2022. Meta CEO* Mark Zuckerberg said in March that the bulk of the second wave of layoffs would come in three phases over several months. Some minor layoffs could continue thereafter, he said. Overall, non-technical roles are being hit the hardest, increasing the importance of those coding at Meta.*.
In March, Zuckerberg promised to ‘hold’significant» Restructuring of business teams and return to «more optimal ratio of engineers and other positions“Even among the cuts that directly targeted technology teams, the company made the biggest cuts to non-technical positions like “content designer” and “user experience researcher,” according to executives speaking at the company’s shareholder meeting afterwards. Roughly 4,000 employees lost their jobs in April’s layoffs, Zuckerberg said at a shareholders’ meeting after recruiting teams were cut in March.
The company said the latest cuts would likely affect around 490 staff at its international headquarters in Dublin, or almost 20% of its Irish workforce. Layoffs at Meta* Months of weaker revenue growth followed due to high inflation and a slowdown in digital advertising amid the pandemic e-commerce boom.
* It is included in the list of public associations and religious organizations for which the court made a final decision to dissolve or prohibit activities on the grounds provided for in Federal Law No. 114-FZ of July 25. 2002 “On Countering Extremist Activities”.
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