Meta Announces 10,000 Additional Layoffs and Eliminates 5,000 Job Postings
The Facebook parent gave employees a timeline of what to expect over the next few months, starting with changes that could happen as soon as tomorrow.
By Madeline Garfinkle •
Meta CEO Mark Zuckerberg kicked off 2023 by calling it the company's "year of efficiency" after 2022, which he has said was a "challenging year."
Now, nearly six weeks after his initial announcement, Zuckerberg has issued an update on Meta's efficient year — starting with 10,000 additional layoffs.
In a letter to employees, Zuckerberg highlighted that the main goals are to become an overall better company and to minimize costs as a way to execute the company's long-term vision. He also gave a detailed timeline of what employees should expect in the coming months: Those on the recruiting team will know if they've been laid off tomorrow, tech workers will be informed of restructuring and layoffs in April, and business groups will find out in May. In a small number of groups, restructuring and layoffs might take until the end of the year.
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The restructuring and layoffs intend to reduce the size of the company by approximately 10,000 people, and it will close about 5,000 job openings that haven't been filled yet.
Zuckerberg wrote the company hopes to make the changes as soon as possible so that it can get "past this period of uncertainty and focus on the critical work ahead."
Zuckerberg also wrote that the announcement is his attempt to be more transparent. "I recognize that sharing plans for restructuring and layoffs months in advance creates a challenging period," he said. "But last fall, we heard feedback that you wanted more transparency sooner into any restructuring plans, so that's what I'm trying to provide here."
