'Make Lists' of People to Let Go, Meta Tells Directors Ahead of Another Mass Layoff — Here's When It Will Happen The clock's ticking as CEO Mark Zuckerberg eyes paternity leave for his third child.

By Amanda Breen Edited by Jessica Thomas

Future Publishing | Getty Images

Meta Platforms Inc., which owns Facebook and Instagram, slashed 11,000 jobs, or 13% of its workforce, in November — but that was only the beginning.

The metaverse-focused company intends to conduct another round of layoffs and could let go thousands of employees as early as this week, people familiar with the situation told Bloomberg.

Related: 'Loud Layoffs' Hurt Your Health — Use These Mindset Hacks to Protect Your Peace

Meta has been trying to flatten its organization by offering buyout packages to managers and dismissing entire teams it views as nonessential three months into what CEO Mark Zuckerberg has been calling the company's "year of efficiency."

Naturally, morale among Meta employees has been low amid so much uncertainty. According to an internal company survey from October obtained by Vox's Recode, just 28% of Meta employees had a favorable response about their optimism for the company.

Bloomberg's sources said the impending round of layoffs isn't directly related to Zuckerberg's flattening but has more to do with financial objectives. Directors and managers have been asked to make lists of employees who can be let go, the people revealed.

Related: Meta Imposes Strict New Policy for Restructuring Workers After 30 Days in New Ultimatum

Those layoffs could be finalized in the next week, ahead of Zuckerberg's departure for parental leave for his third child, per Bloomberg.

Amanda Breen

Entrepreneur Staff

Senior Features Writer

Amanda Breen is a senior features writer at Entrepreneur.com. She is a graduate of Barnard College and received an MFA in writing at Columbia University, where she was a news fellow for the School of the Arts.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Business News

These Are the College Majors With the Lowest Unemployment Rates — and Philosophy Ranks Higher Than Computer Science

An analysis of employment data from the Federal Reserve Bank of New York shows that some humanities majors rank higher than STEM majors in employment prospects.

Buying / Investing in Business

Former Zillow Execs Target $1.3T Market

Co-ownership is creating big opportunities for entrepreneurs.

Science & Technology

How I Scaled from Side Hustle to 7 Figures Using 4 AI Tools (No Tech Skills Needed)

Scale faster, work less and grow a 7-figure business — no team needed.

Devices

This 2-in-1 Chromebook Is a No-Brainer Buy at Just $180

Stylus included. Keyboard detachable. Zero compromises.

Money & Finance

How Much Money Do You Need to Retire Comfortably in Your State? Here's the Breakdown.

Regardless of where you spend your golden years, it pays to be realistic about the cost of living.

Money & Finance

Turn Simple Ideas Into Never-Ending Paychecks With This Low-Effort Passive Income Strategy

A micro-hustle lets you build once, sell forever and earn money while you sleep.