City
Epaper

Meta to slash around 4K high-skilled jobs this week: Report

By IANS | Updated: April 19, 2023 08:30 IST

San Francisco, April 19 Meta (formerly Facebook) is reportedly set to lay off another round of mass layoffs ...

Open in App

San Francisco, April 19 Meta (formerly Facebook) is reportedly set to lay off another round of mass layoffs on Wednesday that will affect at least 4,000 highly-skilled employees, the media reported.

This week's layoffs could be in the range of 4,000 jobs, according to a report in Vox, citing sources.

In March, Meta CEO Mark Zuckerberg announced the company would cut 10,000 jobs in the coming months.

In an internal memo seen by The Washington Post, Meta said that "the company will begin notifying employees on its technical teams whose jobs are being cut".

Meta will also announce newly reorganised teams and management hierarchies, the report mentioned.

"Facebook parent company Meta will announce details about new job cuts on Wednesday, part of a months-long downsizing and restructuring effort that will trim 10,000 employees amid multiple waves of layoffs," The Washington Post tweeted on Wednesday.

In March, Zuckerberg announced to sack an additional 10,000 employees via several job cut rounds in the coming months.

Zuckerberg said that overall, "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".

The fresh cuts came just four months after he laid off 11,000 employees, or 13 per cent of the company, in November last year.


na/ksk/

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Tags: Mark ZuckerbergVOXFacebookFacebook connectivityAfter facebookNl salviCs - connectivityWhatsapp facebookFacebook newsFacebook twitter
Open in App

Related Stories

InternationalUK Watchdogs Urge Social Media Giants To Stop Children Accessing Platforms

MumbaiMumbai Cyber Fraud: Elderly Woman Duped of Rs 50.80 Lakh in Online Scam

InternationalRussia Blocks WhatsApp: Meta-Owned Company Says Country Trying to Isolate Over 100 Million Users

MumbaiMumbai: Elderly Woman Duped by Fake Astrologer via Social Media, Case Registered at Byculla

MumbaiMaharashtra Cyber Steps Up Social Media Monitoring Ahead of Municipal Elections

Technology Realted Stories

TechnologyFuel supplies adequate, no need to panic: IOCL

TechnologyGovt working to minimise supply chain impact, pharma sector unaffected: Commerce Secretary

TechnologyNITI Aayog launches ATL Sarthi, Mentor India Academy to deepen school‑level innovation

Technology21 states carrying out press briefs to counter misinformation around LPG: Centre

TechnologySAIL provides 4,000 tonnes of steel for 'INS Taragiri' warship