Meta confirms second round of layoffs and plans to lay off another 10,000 employees

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Meta will lay off another ten thousand people this year, on top of the previously announced round of layoffs of eleven thousand people. CEO Mark Zuckerberg says he wants to flatten the company and wants to cancel projects with low priorities.

Besides about ten thousand people having to leave Meta, says Zuckerberg five thousand unfilled vacancies. Managers are said to be announcing reorganization plans in the coming months that will involve flattening the corporate structure, which will see managers leave the company. Now every manager has ‘some’ direct reports; eventually there should be ten per manager. At the end of May it should be clear to most employees whether they can stay or not.

Zuckerberg says this round of layoffs falls within Meta’s “efficiency year,” in which the company aims to improve financial performance “in a tough environment.” In addition, Meta must become more ‘technical’ than it is now. The CEO says he wants to make his long-term vision possible with the round of layoffs. Zuckerberg wants Meta to focus, among other things, on AI and the metaverse, two projects that require a lot of financial investment, but do not immediately generate money.

It is Meta’s second major round of layoffs in more than four months. The first round was announced in November. Then the company announced that it would cut about thirteen percent of its jobs. That round of layoffs took place in the context of competition and disappointing advertising revenues. There were rumors about this second round of layoffs last week.

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