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Home company news

Meta to Lay Off 4,000 Employees

Rate Captain by Rate Captain
April 20, 2023
in company news
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Meta to Lay Off 4,000 Employees
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Meta, the parent company of Facebook and other social media platforms, is set to lay off around 4,000 employees.

The layoffs will not be limited to Facebook and are expected to affect other technical teams across Meta-owned platforms such as Instagram, Reality Labs, and WhatsApp. The decision comes as part of CEO Mark Zuckerberg’s “Year of efficiency” plan to cut costs.

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This latest round of job cuts follows an announcement in March that Meta would trim its workforce by an additional 10,000 jobs, in addition to the 11,000 job cuts implemented in November 2022. While it remains unclear which African countries will be affected, the company has offices in South Africa and Nigeria where some of its engineers work. Meta’s head of people mentioned in a memo that “some countries will not be impacted,” but did not provide further details.

The layoff notice is expected to be communicated via email, leaving employees uncertain and anxiously awaiting notifications. The company has also planned another round of cuts for May, which will affect the company’s business side.

Tags: #costcutting#employeeuncertainty #businessrestructuring #socialmedia#engineering#Facebook#Instagram#jobcuts#layoffs#MarkZuckerberg#Meta#Nigeria#RealityLabs#SouthAfrica#techindustry#WhatsApp#YearOfEfficiency
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