Facebook parent company Meta will announce details about new job cuts on Wednesday, part of a months-long downsizing and restructuring effort that will trim 10,000 employees amid multiple waves of layoffs.
In an internal memo obtained by The Washington Post, Meta’s head of human resources, Lori Goler, wrote Tuesday evening that the company will begin notifying employees on its technical teams whose jobs are being cut.
Divisions that will face cuts include teams working on Facebook, WhatsApp, Messenger, Instagram and the virtual reality division Reality Labs among others, according to Goler. She advised some employees that they shouldn’t go into the office if it wasn’t critical for their role, according to the memo.
“This will be a difficult time as we say goodbye to friends and colleagues who have contributed so much to Meta,” Goler wrote.The company is expected to lay off what will likely be thousands of highly skilled employeeswho help build the company’s products, according to people familiar with the matter.
In total, Meta expects to cut around 10,000 jobs and won’t fill 5,000 previously expected job openings. In March, Zuckerberg implied that the cuts would disproportionately impact business support staff, arguing the rebalance will create an “optimal ratio of engineers to other roles” to ensure “our company remains primarily technologists.”
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Meta expected to announce latest round of layoffs WednesdayFacebook parent Meta Platforms Inc. is expected to slash more jobs on Wednesday, the company's latest round of layoffs since November, according to a person...
Read more »
Here are Monday's biggest analyst calls: Tesla, Netflix, Zoom, Biogen, Okta, Amazon, HP Inc. & moreAnalyst call of the day for CNBCPro subscribers: Morgan Stanley reiterates Tesla as overweight heading into earnings later this week. Subscribe to see the analyst calls of the day curated by CNBC Pro.
Read more »
How to get your share of Facebook's $750M settlement | Digital TrendsMeta (formerly Facebook) might owe users between 2007 and 2022 money due to privacy infringement.
Read more »
Meta to lay off 4,000 this week: reportFacebook parent Meta Platforms Inc. is expected to slash another 4,000 jobs on Wednesday, the company’s latest round of layoffs since November, according to...
Read more »
SpaceX waves off first test flight of massive Starship; another historic try could come WednesdayElon Musk and his company had planned to launch the nearly 400-foot Starship rocket from the southern tip of Texas, near the Mexican border. SpaceX postponed the launch because of a problem with th…
Read more »
Activist investor urges Getty to partner with Meta, Microsoft to grow revenueActivist investor Trillium Capital said on Monday stock-photo company Getty Images Holdings Inc should expand and create partnerships with technology firms and publishers to grow its revenue.
Read more »