Meta will conduct another mass round of layoffs on Wednesday, several sources working at the company told Vox.
In an internal memo posted to a Meta employee message board on Tuesday evening and viewed by Vox, the company told employees that the layoffs will start on Wednesday and will impact a wide range of technical teams including those working on Facebook, Instagram, Reality Labs, and WhatsApp. A Meta spokesperson confirmed the memo was sent to employees but declined to comment further. The cuts could be in the range of 4,000 jobs, one source said. However, some other sources are claiming the number can go as high as 10,000 causing panic among employees.
Meta employees in North America will be notified by email between 4 am to 5 am PT Wednesday morning, according to Goler’s note. Outside of North America, the timelines will vary country to country, and some countries will not be impacted.
Meta is also asking employees in North America, whose job allow it, to work from home on Wednesday to give people “space to process the news.”
“Over the next couple of months, org leaders will announce restructuring plans focused on flattening our orgs, canceling lower priority projects, and reducing our hiring rates.” - Zuckerberg
Source:- Vox and The Hindu
[link] [comments] https://www.reddit.com/r/stocks/comments/12rl9jn/meta_to_conduct_another_round_of_layoffs/
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