Meta lays off tech teams in fresh round of job cuts

Meta lays off tech teams in fresh round of job cuts

Delhi, India: According to Reuters, Meta, the owner of Facebook and Instagram, announced a second round of mass layoffs on Wednesday, this time of engineers and other tech teams.

According to Mark Zuckerberg’s announcement in March, the move is part of a cost-cutting campaign that will eventually result in the elimination of 10,000 positions at the company.

May will see a second round of job cuts, which come at a time when global giants like Amazon, Google, and Twitter are mass-firing employees due to concerns about a slowdown.

Meta was the first Big Tech company to announce a second round of mass layoffs in March. It said that 10,000 employees would be affected by the cuts, which would be made in three main batches spread out over several months.

Even though the reductions on Wednesday were to be expected, Meta employees expressed their dissatisfaction.

Cutbacks were the subject of the most famous inquiries posted on an inner organization discussion on Wednesday in front of an impending representative municipal center.

“You have destroyed the morale and confidence of many high performers who work intensely in leadership.” Why ought we to remain at Meta?” peruse one inquiry seen by Reuters.
Meta’s most memorable round of cutbacks in the fall hit in excess of 11,000 representatives, or 13% of its labor force at that point, and went before other significant tech organizations shedding great many workers after a pandemic-drove blast in computerized promoting and distributed computing.