Tech layoff 2023: Fresh round of job cuts at Zuckerberg-led Meta

Mark Zuckerberg-led Facebook parent, Meta has started a fresh round of layoffs set to impact about 6,000 employees globally.

The latest round of cuts targets members of Meta’s business groups and follows a previous round of layoffs in April that affected employees in technical roles.

Before this, the tech giant slashed around 11,000 jobs in November, 2022.

Meta India's Avinash Pant, Director of Marketing, and Saket Jha Saurabh, Director and Head of Media Partnerships, are the top executives who were let go in the recent round of layoffs at the company, which has affected jobs across its business and operations units, according to a Reuters report.

Meta's layoffs are part of a larger trend among tech giants in and beyond Silicon Valley that are cutting jobs citing an industry-wide downturn and the need for cost-cutting.

Meta joins Google, Amazon and Microsoft in trimming tens of thousands of jobs among a host of tech sector companies that have been taking multiple steps include layoffs in an effort to cut costs amid the slowdown.