The latest losses are the second round of swingeing job cuts in less than six months, after the firm laid off 11,000 employees in November 2022.
Representing roughly 13 per cent of its global work force, Meta chief executive Mark Zuckerberg justified the cuts by saying that 2023 would be a “year of efficiency” for the firm. At its peak last year, Meta had 87,000 full-time employees.
The forthcoming round of layoffs will affect its recruiting team this week, with a restructuring of its tech and business groups to come in April and May, Zuckerberg said in a memo.
The next couple of months will also see restructuring plans focused on “flattening” the organisation, cancelling lower priority projects, and reducing its hiring rates.
He also talked about improving organisational efficiency, increasing developer productivity and tooling and optimising various processes within the company.
“My hope is to make these org changes as soon as possible in the year so...