Meta CEO Mark Zuckerberg announced that the company will let go of another 10,000 employees as it works to become more efficient in the current economic environment.
Meta announced on Tuesday that it will lay off 10,000 employees in the coming months as it contends with a challenging economic environment.
As part of its "Year of Efficiency," the company also plans to close another 5,000 additional open roles that haven't been filled, Zuckerberg said. The job cuts will occur in phases over the next few months. Meta will first reduce the size of its recruiting team given that it is slowing down on hiring, Zuckerberg said. Those team members will be informed on Wednesday if they are affected. The company expects to make additional cuts within its tech groups in late April and its business groups in late May.
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