Meta, a company that includes Facebook, WhatsApp and Instagram, has not stopped laying off. After laying off a total of 11,000 employees (the equivalent of 13% of its workforce), the firm led by Mark Zuckerberg has initiated the dismissal of thousands more workers, who will leave their jobs throughout this week, he says Bloomberg.
With this new wave of layoffs, There are more than 12,000 positions that Meta has cut since last November with the aim of becoming “a more agile and efficient company by reducing discretionary expenses,” said Zuckerberg. The CEO of Meta, in fact, stated after presenting his quarterly results that 2023 would be “the year of efficiency”, and that he would carry out various strategies to reduce the company’s costs.
Precisely, one of these strategies consists of abandon projects “that are not working or can no longer be crucial”. It is, in fact, something that would also bring about the relocation of personnel or even layoffs of employees hired specifically for that project. The CEO of Meta also highlighted that it would eliminate “the layers of intermediate management” in order to make faster decisions.
In any case, the new wave of layoffs by Meta does not come as a surprise. In February, Financial Times revealed that the firm had delayed the finalization of budgets in several of its divisions. And that he also contemplated dispensing with more employees.
Meta is not the only company that has started a new wave of layoffs
Furthermore, Meta is not the only company that has carried out a second round of layoffs. Twitter beats him, who last February completed what is already his third wave of layoffs. In this case, Elon Musk, owner of the social network, laid off several employees in the sales and engineering departments with a clear objective: to improve the targeting of Twitter ads.
Amazon is another of the companies that has carried out an additional wave of massive layoffs in the face of the current bad economic situation. The company founded by Jeff Bezos, in fact, is one of the big technology companies that has executed the most layoffs. More than Goal, with a total of 18,000 employees affected. Initially, Amazon confirmed that it would do without about 10,000 employees, the equivalent of % of its workforce. Later, Bezos added 8,000 more jobs to the layoff list. “Between the reductions we made in November and the ones we share today, we plan to eliminate just over 18,000 positions,” he noted.
Meta and Amazon are followed by Google, who announced last January that it was going to do without 6% of its global workforce; some 12,000 employees. According to Sundar Pichai, CEO of Google, the layoffs are part of a strategy “to sharpen our focus, redesign our cost base, and direct our talent and capital to our highest priorities.”
