About 10 per cent of Meta’s workforce in Australia has been laid off in the latest round of job cuts, part of a global plan to eliminate 10,000 roles.
About 10 per cent of Meta’s Australian workforce has been laid off in the latest round of job cuts,Meta insiders say the cuts have been focused on business and operational units, including legal teams and regional managers. Sales teams have emerged largely unscathed.
At the end of the 2022 calendar year, Facebook Australia’s filings show the company had 156 employees. Sources inside Meta said fewer than 20 people left the business in the latest round.A spokeswoman for Meta, Joanna Stevens, would not confirm numbers. “Given we are in a consultation period it’s not appropriate for me to discuss any details,” she said.
Clients were told on Friday a “small number of people in our customer-facing teams” would “potentially be impacted”, in emails seen byThe company’s latest financial figures show it made $1.26 billion from advertisers in Australia, and paid $1.03 billion to its parent corporation as the cost of sales. Meta, Facebook’s parent company, has called 2023 the “year of efficiency” in an effort to improve its financial performance and achieve longer-term goals.would hit in April and May.
Zuckerberg shifted Meta’s focus and investment to virtual reality technology and the so-called metaverse, which he envisions as the next major computing platform. Advertisers, however,
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