Another round of mass layoffs expected at Meta this week


Meta, formerly Facebook, is expected to issue another round of mass layoffs Wednesday, according to a report from Vox that cites “several sources working at the company.”

The layoffs are part of a broader restructuring at Meta that CEO Mark Zuckerberg has dubbed the “year of efficiency.” In March, Zuckerberg said the company would cut 10,000 jobs in the coming months, particularly ones related to “low priority projects.” This is on top of the 11,000 jobs that were cut in November.

This week’s layoffs could be in the range of 4,000 jobs, one source told Vox. TechCrunch was unable to confirm the news, but it’s not unexpected. Zuckerberg had previously said April cuts would affect roles in tech departments, while another round of layoffs planned for May will hit the business side.

Some have speculated that many projects and teams within the Facebook app and Reality Labs, the unit dedicated to augmented and virtual reality experiences, will see the ax soon. However, those working on developing games might be safe for now as Meta works to market its metaverse gamble to traditional gamers, according to a report from Business Insider.

That could be a strategic pivot for Meta and Zuckerberg, both of which have promoted the metaverse as a place for social interactions, work and e-commerce. Meta poured billions into its social VR platform Horizon Worlds. However, Horizon Worlds hasn’t really taken off, with only about 200,000 monthly active users at the end of last year.

#mass #layoffs #expected #Meta #week


Related Posts

Marvel’s Blade Movie Delayed by Writer’s Strike

[ad_1] Marvel’s vampire hunter Blade is a fierce warrior but he may have finally met his match: labor unions. The upcoming, long-in-development reboot of the Marvel franchise…

How to Watch the Coronation of King Charles III Live

[ad_1] King Charles III officially shed his princedom when Queen Elizabeth II died, and the British royal’s new position will be formalized on May 6 in a coronation…

‘Quordle’ today: See each ‘Quordle’ answer and hints for May 6

[ad_1] If Quordle is a little too challenging today, you’ve come to the right place for hints. There aren’t just hints here, but the whole Quordle solution….

How to use a passkey instead of a password to sign into your Google account

[ad_1] Passwords have always been a necessary evil, giving you the choice of either using one that is too simple (so you can easily remember it) or…

Amazon quietly acquired audio content discovery engine Snackable AI to boost its podcast projects

[ad_1] Amazon quietly acquired New York-based audio content discovery engine Snackable AI last December to boost its podcast features, as first reported by New York Post. The…

Warhammer 40K’s New Tyranid Screamer-Killer Is a Great Update

[ad_1] A new edition of Warhammer 40K means new models—and for some of the 40-year-old wargaming franchise’s creatures and characters, that means updates they’ve not had in…

Leave a Reply

Your email address will not be published. Required fields are marked *