MORE AND MORE

Meta Will Slash ANOTHER 10,000 Staff in Job Cuts

Mark Zuckerberg said the company would close a further 5,000 open roles that haven’t yet been filled.

Meta will cut another 10,000 workers from its payroll, CEO Mark Zuckerberg told staff in a memo Tuesday. The headcount reduction comes in addition to eye-watering layoffs announced last year that hit some 11,000 workers at the Facebook and Instagram parent company. “Overall, we expect to reduce our team size by around 10,000 people and to close around 5,000 additional open roles that we haven’t yet hired,” Zuckerberg wrote in his “Update on Meta’s Year of Efficiency.” “This will be tough and there’s no way around that. It will mean saying goodbye to talented and passionate colleagues who have been part of our success. They’ve dedicated themselves to our mission and I’m personally grateful for all their efforts.” The deep cuts come as investors have grown angry at the company’s sprawling work force and Zuckberg’s multibillion-dollar bet on the Metaverse, which is unlikely to make a profit for years, according to the Financial Times.