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Facebook, Instagram to lay off additional 10,000 employees

Meta, Facebook and Instagram’s parent company will lay off an additional 10,000 staff in another major shakedown as part of moves to actualise what its chairman, Mark Zuckerberg, calls a “year of efficiency.”

The lay off which figure constitutes 13 per cent of its workforce will affect recruiting team as well as restructure its tech and business groups.

It is the second mass firing that the company has enforced in the space of six months. The tech giant also said it planned to close the almost 5000 job openings which are yet to be filled.

The widespread layoffs follow a substantial global IT market contraction that put an end to Meta’s hiring spree at the height of the COVID-19 pandemic. The company, which had more than 87,000 employees the previous year, is still cutting back to fit into Mr Zuckerberg’s new model of efficiency.

“This will be tough and there’s no way around that,” he wrote.

Source: GazetteNGR



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