More Layoffs At Meta: Company Alerts Staff To Be Prepared

Meta, the parent company of Facebook, WhatsApp and Instagram, on Wednesday through a memo asked it managers to be prepared for an impending job cut announcement. Meta Platforms Inc. is preparing to announce layoffs across the company as it reorganises teams to pursue founder Mark Zuckerberg's vision of higher productivity.

In a memo seen by Bloomberg News, Facebook's parent company sent a warning to managers, advising them to prepare for job cuts on Wednesday. It implies that the company's virtual reality initiatives at Reality Labs, where Quest hardware is housed, as well as teams at Facebook, WhatsApp, Instagram, and other platforms, will all be impacted.

According to Zuckerberg's announcement in March, the action is part of a cost-cutting drive that will eventually result in the elimination of 10,000 jobs at the corporation. It mentioned that there will be another round of layoffs in May whereas, in November, Meta already lost 11,000 employees or around 13% of its staff.

According to Zuckerberg's remarks, the corporation intends to cut costs and equalise the proportion of technologists and engineers to business and support workers.

According to the memo sent to managers, teams will be reorganised, and the surviving individuals will be reassigned to work for new supervisors. Meta will request that all North American workers who are able to work remotely do so on Wednesday so they can comprehend the news.

A representative for the company declined to comment, citing Zuckerberg's "year of efficiency" article from March, which stated, "We expect to announce restructurings and layoffs in our tech groups in late April, and business groups in May."

Through the first quarter, it continued a recruiting embargo that was interrupted by cost- and job-saving measures implemented by other Silicon Valley businesses.

The tech giant has also been facing intense scrutiny over its handling of user data, privacy concerns, and allegations of misinformation on its platforms