Staff cuts continue at the social media titan as CEO and founder Mark Zuckerberg pursues his 'year of efficiency.'
for what the Data Protection Commission considered improper data transfers from Meta Ireland to the U.S. regarding EU citizens.
While last month’s layoffs focused on the tech side — with cuts made to Facebook, Instagram, WhatsApp, and Reality Labs — May’s cuts are were expected to impact the business side, according to a March blog post about Meta’s efficiency plans for the year.
“This will be tough and there’s no way around that. It will mean saying goodbye to talented and passionate colleagues who have been part of our success,” Zuckerberg said in the March post. “They’ve dedicated themselves to our mission and I’m personally grateful for all their efforts. We will support people in the same ways we have before and treat everyone with the gratitude they deserve.”
And while hiring and transfer freezes at Meta are expected to lift following restructuring, the tech CEO was clear that the year of efficiency will mean operating with fewer jobs overall going forward. Vox reported that Meta had approximately 86,000 employees at the end of 2022, making the tens of thousands of jobs equate to a significant percentage of staff lost.
Prior to today’s latest round of layoffs, Meta also saw a number of upper management and vice president-level employees depart the company,
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Meta begins latest round of layoffsMeta started implementing its third round of layoffs on Wednesday. The company is working to become more efficient amid an uncertain economic environment.
Read more »
CGM Completes Picture of A1c in Type 2 DiabetesTIR readings from a CGM complemented A1c readings and provided a more complete picture of glucose control in patients with T2D taking basal insulin, in a post-hoc analysis of the SWITCH PRO clinical trial. EndoTwitter diabetes
Read more »
Undeads Metaverse Completes Mint and Generates $1 Million in Sales – Press release Bitcoin NewsPRESS RELEASE. Undeads Metaverse, AAA survival Web3 game, proudly announces the completion of its first mint amidst the prevailing crypto winter market.
Read more »
Skateboarder Completes Record-Setting Trip Across United StatesChad Caruso skated from California to Virginia during his 57-day trip that set a new Guinness World Record.
Read more »
Dynamo try to solve Loons in U.S. Open Cup's round of 16Minnesota has won six straight meetings between the teams, including a 1-0 victory last...
Read more »