Ending Soon! Save 33% on All Access

Mark Zuckerberg's Meta Laid Off 21,000 Employees. Now It's Reportedly Rehiring Many of Them Who Belong to This Group — Here's Why. The company's hiring has "quietly picked up in certain areas," according to a recent report.

By Amanda Breen Edited by Jessica Thomas

Key Takeaways

  • Meta is reportedly rehiring "dozens" of the 21,000 employees laid off earlier this year.
  • The report revealed the rehired employees work in engineering and technical roles.

Meta slashed 21,000 roles in a multi-round cost-saving initiative that concluded in May.

But the company has reportedly rehired a number of those employees who were let go, per several sources familiar with the matter, Insider reported earlier this week.

Hiring was paused to bolster Meta co-founder and CEO Mark Zuckerberg's "year of efficiency," but it's "quietly picked up in certain areas" as the company enjoys an upward swing, according to the report.

Related: Meta, Google Execs Receive Big Bonuses Amid Layoffs | Entrepreneur

The report also revealed that the company rehired "dozens" of employees to work in engineering and technical roles, but an exact number was not immediately available.

Meta stock was plunging last year, but surprisingly strong second-quarter results in July saw shares spike to their highest since early 2022, soaring 11% that month for the company's ninth consecutive month of gains, CNBC reported.

The layoffs of late 2023 and early 2023 contributed to the rise — but so did other significant events.

Meta's TikTok-like Instagram Reels are fast-growing among users and advertisers, thanks to AI, Reuters reported.

Related: Laid-Off Meta Employee Says the 'Fake Work' Stories Are True

Additionally, Meta's Twitter rival Threads saw early adoption, hitting 100 million users within the week, though that user base has since dwindled.

Meta Platforms Inc is up more than 70% year over year.

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

'Creators Left So Much Money on the Table': Kickstarter's CEO Reveals the Story Behind the Company's Biggest Changes in 15 Years

In an interview with Entrepreneur, Kickstarter CEO Everette Taylor explains the decision-making behind the changes, how he approaches leading Kickstarter, and his advice for future CEOs.

Business Ideas

87 Service Business Ideas to Start Today

Get started in this growing industry, with options that range from IT consulting to childcare.

Business Models

How to Become an AI-Centric Business (and Why It's Crucial for Long-Term Success)

Learn the essential steps to integrate AI at the core of your operations and stay competitive in an ever-evolving landscape.


5 Steps to Preparing an Engaging Industry Presentation

You can make a great impression and generate interest with an exciting, informative presentation. Find out my five secrets to creating an industry presentation guaranteed to wow.