TIPSHEET
Zuckerberg Laying Off 10,000 Meta Employees
Spencer Brown | March 14, 2023 11:30 AM
In its second round of cuts, Meta — parent company of Facebook and Instagram — announced Tuesday that 10,000 employees, roughly 13 percent of its workforce, would be sent packing and 5,000 openings were being eliminated as the tech giant seeks to slim down amid worsening economic conditions.
Facebook Parent Meta to Lay Off 10,000 Employees --WSJ
* Cuts to Come in Multiple Rounds in Coming Months
* Layoffs Come on Top of 11,000 Job Cuts Announced in November$META
— Carl Quintanilla (@carlquintanilla) March 14, 2023
Toward the end of 2022, Meta let 11,000 employees go in its first mass reduction in headcount, which means the company is now the first in Silicon Valley to announce a second round of layoffs amid the current economic situation, according to Reuters. And this likely won't be the end of cuts, either.
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READ MORE: https://townhall.com/tipsheet/spencerbrown/2023/03/14/facebook-announces-another-round-of-layoffs-n2620579
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