Meta to reportedly begin organisation-wide mass layoffs. This as the company is undertaking an organisational overhaul and cos-cutting exercise that will eventually see atleast 10,000 positions eliminated.
In a message obtained by Bloomberg News, the parent company of Facebook warned managers to get ready to announce job layoffs on Wednesday. It suggests that Quest hardware, Facebook, WhatsApp, Instagram, and Reality Labs where the company houses its virtual reality efforts will all be impacted.
In November, Meta laid off 11,000 employees, or around 13% of its staff. Additionally, it prolonged a hiring ban through the first quarter, which was broken up by cost- and job-cutting measures taken by other Silicon Valley companies.