Meta

Facebook parent Meta is slashing another 10000 jobs and will not fill 5000 open positions as the social media pioneer cuts costs.

And I think that's what we're seeing across the board, as efficiency now is the number one word over growth," he said. Meta and other tech companies have been hiring aggressively for at least two years but in recent months have begun to let some of those workers go. Early last month, Meta posted falling profits and its third consecutive quarter of declining revenue. In addition to the layoffs, Meta said Tuesday that it would not fill 5,000 open positions. "They don't want to see companies spending like 1980s rock stars, which is what Meta's ultimately done," Ives said. "It will mean saying goodbye to talented and passionate colleagues who have been part of our success."

Meta has decided to lay off 10000 employees and halt hiring for around 5000 additional roles, in its second round of significant cuts in recent months.

[Salesforce](https://betakit.com/salesforce-layoffs-show-canadian-employees-caught-in-ongoing-big-tech-cuts/), [Amazon](https://betakit.com/amazon-layoffs-hit-canadian-teams-according-to-linkedin-posts/). Photo by [Dima Solomin](https://unsplash.com/@solomin_d?utm_source=unsplash&utm_medium=referral&utm_content=creditCopyText). According to [Layoffs.fyi](https://layoffs.fyi), over 1,500 firms globally—including a [growing number](https://betakit.com/as-big-tech-makes-mass-layoffs-recent-canadian-startup-reductions-might-cut-deeper/) of Canadian tech startups—have laid off 290,000 employees since the beginning of 2022. These figures include restructuring costs of approximately $3 billion to $5 billion. In addition to these cuts, Meta also plans to cancel lower-priority projects and reduce its hiring rates. Meta’s Canadian operations focus in part on this, and the company has previously said that it expects its Toronto hub to play an important role in the creation of Meta’s metaverse. Meta noted that some layoffs may take until the end of 2023 to execute. We remain committed to Canada and look forward to many years of innovation ahead in Toronto.” “Given this outlook, we’ll need to operate more efficiently than our previous headcount reduction to ensure success.” “At this point, I think we should prepare ourselves for the possibility that this new economic reality will continue for many years,” wrote Zuckerberg. [slowest revenue growth](https://www.wsj.com/articles/meta-platforms-facebook-fb-q1-earnings-report-2022-11651022191?mod=article_inline) since going public in 2012, Meta shed 11,000 employees in a round of staff cuts that impacted an undisclosed number of the firm’s [Canadian employees](https://betakit.com/meta-mass-layoffs-hit-canada-less-than-a-year-after-major-expansion-plans/). [Canadian expansion plans](https://betakit.com/meta-to-hire-up-to-2500-workers-in-canada-open-engineering-hub-to-build-metaverse/).

Pour Mark Zuckerberg, la décision est justifiée par la nécessité de «faire (de Meta) une meilleure entreprise technologique» et «d'améliorer nos performances ...

Par ailleurs, Facebook et Instagram sont soumis à une concurrence de plus en plus forte, en particulier venue de la plateforme vidéo TikTok, qui rogne sur ses parts de marché. Le co-fondateur de Facebook, qui incarne à lui seul le réseau social, a repris le terme utilisé lors de la présentation des résultats annuels, début février, à savoir que 2023 doit être «l'année de l'efficacité» pour Meta. Pour Mark Zuckerberg, la décision est justifiée par la nécessité de «faire (de Meta) une meilleure entreprise technologique» et «d'améliorer nos performances financières dans un environnement difficile, afin que nous puissions mener à bien notre vision de long terme».

Mark Zuckerberg a d'ailleurs fait savoir que l'équipe de recrutement serait une des premières touchées par les suppressions de postes. Nous ferons savoir aux ...

Meta a depuis des années embauché des employés à un rythme effréné, notamment durant la pandémie de COVID-19 qui avait stimulé l'utilisation des applications mobiles, entraînant une plus grande croissance. Mais l'entreprise fait face à plusieurs défis depuis quelques mois. Les annonces de licenciements viendront en avril 2023 pour les équipes technologiques et en mai 2023 pour les équipes commerciales.

The tech industry has laid off more than 280000 workers since the start of 2022, with about 40 per cent of them coming this year, according to layoffs ...

Meta’s move in November to slash headcount by 13 per cent marked the first mass layoffs in its 18-year history. The news sent Meta’s shares up two per cent in premarket trading. The move underscores Zuckerberg’s push to turn 2023 into the “Year of Efficiency” with promised cost cuts of US$5 billion in expenses to between US$89 billion and US$95 billion.

As part of those efforts, Meta is flattening the organization, canceling lower priority projects and slowing hiring, Chief Executive Officer Mark Zuckerberg ...

In general, the company doesn’t want its managers to have more than 10 direct reports, but today many have only a few, Zuckerberg said. The company will invest in tools, such as those in artificial intelligence, to help engineers write code faster, to make it “most effective over many years, not just this year.” The social media giant’s headcount grew 30 per cent in 2020, the first year of the pandemic, and then 23 per cent in 2021. The Facebook parent company has been marketing 2023 as a “year of efficiency” in an effort to improve its financial performance and achieve longer-term goals. The company, which also owns Instagram and WhatsApp, has seen a slowdown in advertising revenue, leading to its first-ever annual sales decline in 2022. The Facebook parent company lowered its outlook for 2023 expenses to US$86 billion to US$92 billion, accounting for the job reductions and other cost-cutting measures.

Meta CEO Mark Zuckerberg is making good on his year of efficiency pledge cutting 10000 more jobs after already eliminating 11000. Read on.

In general, the company doesn’t want its managers to have more than 10 direct reports, but today many have only a few, Zuckerberg said. The company will invest in tools, such as those in artificial intelligence, to help engineers write code faster, to make it “most effective over many years, not just this year.” The company, which also owns Instagram and WhatsApp, has seen a slowdown in advertising revenue, leading to its first-ever annual sales decline in 2022. The Facebook parent company lowered its outlook for 2023 expenses to US$86 billion to US$92 billion, accounting for the job reductions and other cost-cutting measures. With less hiring overall, Zuckerberg said he’s also reducing the size of the recruiting team. The Facebook parent company is embarking on a “year of efficiency” to improve its financial performance and achieve longer term goals.

Dans un courrier envoyé aux salariés et publié sur le site de Meta, son PDG Mark Zuckerberg a ainsi annoncé mardi la suppression de 10 000 postes, ainsi que la ...

Cette nouvelle annonce devrait être bien accueillie par les investisseurs, qui souhaitent voir Meta se reconcentrer sur son cœur d’activité », estime Jasmine Enberg, analyste pour Insider Intelligence. Par ailleurs, Facebook et Instagram sont soumis à une concurrence de plus en plus forte, en particulier venue de la plateforme vidéo TikTok, qui rogne sur ses parts de marché. « La première vague de licenciement a permis à Meta de faire face aux dommages provoqués par la concurrence féroce (entre réseaux sociaux, NDLR) pour capter des utilisateurs et de la publicité.

In addition to the 10000 jobs being lost, 5000 open roles at the company will be left unfilled.

If he's right, his firm will regain its crown, but if he's wrong, the $15bn+ dollars he has spent on it so far could disappear in a puff of mixed reality smoke. He also dedicated a section of his correspondence to hybrid work. Firstly, so they have staff ready to handle sudden growth, which can happen (just look at TikTok). Many like Meta make most of their money from advertising. "In a small number of cases, it may take through to the end of the year to complete these changes. Meta chief executive Mark Zuckerberg said the cuts - part of a "year of efficiency" - would be "tough"

Facebook parent Meta is slashing 10000 jobs, about as many as the social media company announced late last year in its first round of cuts, as uncertainly ...

Early last month, Meta posted falling profits and its third consecutive quarter of declining revenue. In addition to the layoffs, Meta said Tuesday that it would not fill 5,000 open positions. is still strong, but layoffs have hit hard in some sectors.

Meta to lay off 10,000 more workers after initial cuts in November · Meta CEO Mark Zuckerberg said Tuesday the company plans to cut 10,000 employees. · The ...

[announced](https://www.cnbc.com/2023/01/18/amazon-set-to-begin-new-round-of-layoffs-affecting-over-18000-people.html) a new round of layoffs in January, impacting 18,000 employees across multiple divisions. In January, [12,000 workers](https://www.cnbc.com/2023/01/20/google-parent-to-lay-off-12000-workers-memo.html), [Microsoft](https://www.cnbc.com/quotes/MSFT/) announced plans to cut [10,000 employees](https://www.cnbc.com/2023/01/18/microsoft-is-laying-off-10000-employees.html) and [Salesforce](https://www.cnbc.com/quotes/CRM/) said it planned to [cut 7,000 jobs](https://www.cnbc.com/2023/01/04/salesforce-is-cutting-10percent-of-its-workforce-more-than-7000-employees.html). The company's Reality Labs division that's tasked with creating the metaverse lost about $13.7 billion in 2022 on $2.16 billion of revenue. [Twilio](https://www.cnbc.com/quotes/TWLO/), [Dell](https://www.cnbc.com/quotes/DELL/), [Zoom](https://www.cnbc.com/quotes/ZM/) and [eBay](https://www.cnbc.com/quotes/EBAY/) also recently disclosed significant [reductions to their workforce](https://www.cnbc.com/2023/02/07/zoom-to-lay-off-1300-employees-or-about-15percent-of-its-workforce.html). He added that the Facebook parent plans to close 5,000 additional open roles that it hasn't yet filled. Zuckerberg told analysts in February that Meta plans "on cutting projects that aren't performing or may no longer be crucial" while simultaneously "removing layers of middle management to make decisions faster." Zuckerberg has pitched 2023 as the company's "year of efficiency," in which the firm aims to become "a stronger and more nimble organization." [announced](https://www.cnbc.com/2022/11/09/meta-to-lay-off-more-than-11000-thousand-employees.html) in November, that affected more than 11,000 workers, which equated to roughly 13% of Meta's overall staff. In a nod to continued economic uncertainty, Zuckerberg noted that the company should prepare for "the possibility that this new economic reality will continue for many years." [Meta](/quotes/META/) will lay off 10,000 more workers and incur restructuring costs ranging from $3 billion to $5 billion, the company [announced](https://about.fb.com/news/2023/03/mark-zuckerberg-meta-year-of-efficiency/) Tuesday, with CEO [Mark Zuckerberg](https://www.cnbc.com/mark-zuckerberg/) warning economic instability could continue for "many years." [SEC filing](https://www.sec.gov/ix?doc=/Archives/edgar/data/1326801/000132680123000035/meta-20230314.htm) announcing the cuts, Meta also said it anticipated lowered total expenses in 2023, ranging from $86 billion to $92 billion. - The CEO previously told analysts Meta plans "on cutting projects that aren't performing or may no longer be crucial" while simultaneously "removing layers of middle management to make decisions faster."

As part of those efforts, Meta is flattening the organization, canceling lower priority projects and slowing hiring, Chief Executive Officer Mark Zuckerberg ...

In general, the company doesn’t want its managers to have more than 10 direct reports, but today many have only a few, Zuckerberg said. The company will invest in tools, such as those in artificial intelligence, to help engineers write code faster, to make it “most effective over many years, not just this year.” The social media giant’s headcount grew 30 per cent in 2020, the first year of the pandemic, and then 23 per cent in 2021. The Facebook parent company has been marketing 2023 as a “year of efficiency” in an effort to improve its financial performance and achieve longer-term goals. The company, which also owns Instagram and WhatsApp, has seen a slowdown in advertising revenue, leading to its first-ever annual sales decline in 2022. The Facebook parent company lowered its outlook for 2023 expenses to US$86 billion to US$92 billion, accounting for the job reductions and other cost-cutting measures.