Meta layoffs are set to continue in the year 2023 with the company announcing that 10,000 employees will be let go this year. Mark Zuckerberg, CEO, Meta just shared this new development with Meta employees. He announced that the company would focus on flattening organisations, canceling lower priority projects, and reducing hiring rates. The company has announced that 10,000 employees will be fired and around 5,000 additional open roles will be closed, for which the company has not hired yet.
“This will be tough and there’s no way around that. It will mean saying goodbye to talented and passionate colleagues who have been part of our success. They’ve dedicated themselves to our mission and I’m personally grateful for all their efforts. We will support people in the same ways we have before and treat everyone with the gratitude they deserve,” said Zuckerberg.
Who Will Be Impacted by Meta Layoffs?
The company has announced its intent to let go off employees from the following decisions:
- Recruiting team members will be informed tomorrow is they have been impacted.
- Technology groups will be informed in late April.
- Business groups will be informed in May.
Zuckerberg added that they would lift hiring and transfer freezes after they are done with the restructuring process. “Other relevant efficiency timelines include targeting this summer to complete our analysis from our hybrid work year of learning so we can further refine our distributed work model,” added Zuckerberg.
Is Automation the Reason for Meta Layoffs?
While the company has officially mentioned using only automation to improve efficiencies, it could be one of the reasons for Meta layoffs. The company has stated in the blog that they would be investing heavily in tools to make its employees more effective in the long run. “Whether that’s building AI tools to help engineers write better code faster, enabling us to automate workloads over time, or identifying obsolete processes that we can phase out,” stated Zuckerberg.