Fresh Layoffs Begin At Meta Globally, Technical Employees Most Hit

Listen to This Article

Meta (formerly Facebook) has kicked off a fresh round of layoffs, handing over pink slips to employees with technical backgrounds globally.

Several Meta employees went to LinkedIn to post their ordeal, saying they have been asked to go.

"I woke up this morning to the unfortunate news that I was one of the many laid-off from Meta today. If you have any career opportunities, please feel free to share with me! My focus for the past 3 years have been primarily on establishing programs focused on increasing OpEx & headcount org efficiency," posted Teresa Jimenez, business Programme manager at Facebook.

She said that several "product-centred Technical Program Managers unfortunately have been impacted today as well. Please reach out to me if you have any opportunities and I'll introduce".

The job cuts have impacted people working in verticals like user experience, software engineering, graphics programming and other roles.

A Meta spokesperson confirmed to CNBC the cuts had started.

According to reports, Meta layoffs hit Instagram office in London and employees there could either be cut or relocated as part of the company's latest round of layoffs.

Meta is reportedly set to lay off at least 4,000 highly-skilled employees this week.

In March, Meta CEO Mark Zuckerberg announced the company would cut 10,000 jobs in the coming months.

Meta will also announce newly reorganised teams and management hierarchies.

The fresh cuts came just four months after Meta laid off 11,000 employees, or 13 per cent of the company's workforce, in November last year.

--IANS

na/dpb

 

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

RECENT NEWS

Coutts Sets Scope On New Continent

Coutts steps into private marketsCoutts, the private bank best known for serving Britain’s wealthiest families and the... Read more

From Cypherpunk To Citadel

How Crypto Moved from the Wild West to the Mainstream Financial SystemA long-form analysis of Bitcoin's journey from fri... Read more

ACB Securities: Building Scale, Trust & Innovation

ACB Securities: Building Scale, Trust and Innovation in Vietnam’s Capital MarketsACB Securities (ACBS) is emerging as ... Read more

War Risk Returns To Markets As VIX Surges

For most of the past year, global markets behaved as though geopolitical risk had largely disappeared. Inflation was eas... Read more

Stablecoin The Future Of Currency?

The payments system is undergoing a quiet but consequential shift. What was once the exclusive preserve of central banks... Read more

BoE Loosens Capital Rules

The Bank of England has taken a significant step towards easing post-crisis regulation by lowering its estimate of the c... Read more