| Meta Platform has initiated its final round of recent layoffs, impacting around 6,000 employees. The cuts are a part of Meta's "Year of Efficiency," aimed at
restructuring the company to reduce costs and streamline its operations. - CEO Mark Zuckerberg previously announced plans to cut a total of 10,000 jobs in two rounds of layoffs in April and May, adding to the 11,000 roles eliminated in November.
- The
latest round of cuts, which started today, primarily targets Meta's ad
sales, marketing, user experience, recruiting, and partnership teams.
- About
490 employees at Meta's international headquarters in Dublin are
expected to be let go, representing almost 20% of its Irish workforce.
- Meta has also paused the recruitment process for around 5,000 open positions.
- With
the latest cuts, roughly 21,000 individuals have lost their jobs at
Meta, reducing its global workforce by a quarter since November when it
had around 87,000 employees.
- The company, which owns Facebook, Instagram, and WhatsApp, has cited the need to improve efficiencies after excessive hiring during the pandemic.
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