Meta started implementing its third round of layoffs on Wednesday. The company is working to become more efficient amid an uncertain economic environment.
Facebook's Meta logo sign is seen at the company headquarters in Menlo Park, Calif., on, Oct. 28, 2021.
The company first cut recruiting team members in March followed by tech groups in late April. The third round was slated to impact business teams in late May, according to Zuckerberg's post. However, "in a small number of cases, it may take through the end of the year to complete these changes," he said. I've said that part of our work will involve removing jobs -- and that will be in service of both building a leaner, more technical company and improving our business performance to enable our long term vision," Zuckerberg said. After the restructuring is complete, Zuckerberg said the company plans "to lift hiring and transfer freezes in each group.
CEO of Facebook Mark Zuckerberg speaks during the 56th Munich Security Conference in Munich, Germany, on Feb. 15, 2020.
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