In a shocking turn of events, Meta has announced that it will lay off an additional 10,000 employees, a decision that was confirmed by Mark Zuckerberg himself. This comes on the heels of a previous announcement that the company would be laying off 10,000 workers.
According to sources, the layoffs are part of Meta’s ambitious restructuring plan, which aims to streamline the company’s operations and cut costs. The company’s parent, Facebook, has been struggling in recent years, with declining user numbers and increased scrutiny from regulators over its handling of user data.
The move to cut jobs is expected to have a significant impact on the company’s workforce, which currently stands at around 100,000. It remains to be seen how the layoffs will affect Meta’s further operations, but it is clear that the company is taking decisive action to try and turn its fortunes around.
Meta’s decision is likely to have far-reaching consequences, not just for the company’s employees but also for the wider tech industry. The layoffs come at a time when many other companies are grappling with the same issues of declining user numbers and increased regulatory pressure.
As the tech industry continues to evolve and adapt to new challenges, it is becoming increasingly clear that companies will have to be willing to make tough decisions in order to stay competitive. For Meta, that means cutting jobs, but whether this will be enough to turn the company’s fortunes around remains to be seen.