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

MumbaiMumbai: Uttarakhand Woman Sexually Assaulted in Andheri Hotel by Facebook Friend; Accused Arrested

MaharashtraMaharashtra: Youth Duped of Rs 62,000 via Fake Facebook Account Impersonating District Collector

MumbaiMumbai: Kandivali Businessman Duped of Rs 79 Lakh in Online Trading Cyber Scam

NationalTej Pratap Yadav Viral Video: Former Bihar Minister Says Facebook Page Was Hacked After Post Claims He Was In Relationship

InternationalMark Zuckerberg May Lose Instagram and WhatsApp Amid Antitrust Case Against Meta

Technology Realted Stories

TechnologyKerala Governor, CM Vijayan spar again over re-appointment of VCs

TechnologyRs 1 lakh crore RDI fund to boost private sector research, innovation: Jitendra Singh

TechnologySecond unit of Telangana’s Yadadri thermal power plant inaugurated

TechnologyTesla to open 1st charging station in India next week

TechnologyOver 1.4 lakh food processing projects approved under MoFPI schemes: Minister