Facebook parent company Meta is set to lay off another ten thousand employees in the latest round of layoffs in tech.
In a memo sent by Meta CEO Mark Zuckerberg (via Hollywood Reporter), the company announced plans to lay off 10,000 employees in the coming months. They also plan on closing another 5,000 roles currently unfilled.
This is a new round of layoffs to hit the company, after they had cut over 10,000 jobs late last year. Meta, among other in the tech industry, have found themselves needing to cut costs. Which means they’ve needed to let go of thousands of employees.
For example, Microsoft laid off over 10,000 employees, which included their Xbox gaming division. The giant online retailer in Amazon also recently laid off 10,000 staff members as well. These two are just a couple of examples in the recent drop off for the tech sector.
As stated above, this will be the second round of layoffs for Meta, where they had already cut off a similar number last year. According to Zuckerberg, this is in line with their “year of efficiency” goals that were announced last month.
Ironically, gaming legend John Carmack, who resigned from Meta as a consultant of VR for the company, cited one of their major issues was a lack of efficiency. Perhaps those words might’ve influenced Zuckerberg.