After Promising No More Layoffs, Meta Is Planning Another Round Of Cuts: Reports

Meta is planning more layoffs to reduce costs after the 11,000 jobs it cut last October. After announcing in November that he didn’t envision any further layoffs, Facebook CEO Mark Zuckerberg suggested that another wave may happen this year in January.

Although other tech titans like Meta and Amazon have had to lay off tens of thousands of workers, we got a glimpse at why Apple hasn’t had to do so earlier this month.

A significant contributor is that, since 2019, Meta and others have almost doubled their employee size. 

Factors such as the global economic slump led to a 13% drop in Meta’s workforce last October, and the layoffs will continue.

The Washington Post says that Meta is about to lay off more people, likely including management this time.

“Meta plans to push some leaders into lower-level roles without direct reports, flattening the layers of management between Meta CEO Mark Zuckerberg and the company’s interns, according to a person familiar with the matter.”

Meta executives are “thinking about the cheapest way to do the most important things,” which could lead to project cuts that “affect workers in non-engineering roles more than others.”

Many people may lose their jobs in this wave of layoffs, which “may not happen on a single day, but will likely ripple out throughout the organization in the following months.”

When The Washington Post contacted Meta’s spokesperson Dave Arnold refused to comment and referred the paper to the company’s January statement.

“We closed last year with some difficult layoffs and restructuring some teams,” Zuckerberg told investors earlier this month. 

“When we did this, I said clearly that this was the beginning of our focus on efficiency and not the end.”

And it did serve as a warning that layoffs might be on the rise this year. Still, this was a complete about-face from Zuckerberg’s comments after the significant layoffs last autumn, when he claimed he did not “anticipate further layoffs.”

Once the article was published, Andy Stone, director of policy communications at Meta, criticized The Washington Post’s viewpoint.

Meanwhile, layoffs have also been ongoing at Twitter, Zoom, LinkedIn, and many more tech firms.

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