Facebook-parent Meta fires 10000 more employees in fresh round of layoffs: report

Meta to lay off 10,000 employees in second round of job cutsStory outlineThe fresh layoff is in addition to the 11,000 employees or 13% of its global workforce Meta had sacked in November last year in a bid to cut costs.Zuckerberg has dubbed 2023 Meta’s “year of efficiency,” with promised cost cuts of $5 billion in expenses to between $89 billion and $95 billion.The company has also been working to flatten its organization, giving buyout packages to managers and cutting whole teams it deems nonessential.Facebook-parent Meta Platforms said on Tuesday it would slash 10,000 jobs in a second round of mass layoffs, according to Reuters report.The fresh layoff is in addition to the 11,000 employees or 13% of its global workforce Meta had sacked in November last year in a bid to cut costs.”We expect to reduce our team size by around 10,000 people and to close around 5,000 additional open roles that we haven’t yet hired,” Chief Executive Officer Mark Zuckerberg said in a message to staff.Zuckerberg has dubbed 2023 Meta’s “year of efficiency,” with promised cost cuts of $5 billion in expenses to between $89 billion and $95 billion.He described the focus on efficiency as part of the
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