Merciless Meta Begins Round Three of Its Massive Layoffs
- Posted on May 24, 2023
- News
- By Stiti pragnya padhy
- 21 Views
To reach its goal of terminating 10,000 roles, Meta has
started conducting a third round of layoffs as per a well-informed insider
source, who has direct knowledge of the ongoing situation. On Wednesday, Meta
Platforms Inc. announced that it plans to reduce approximately 490 positions at
the company’s international headquarters in Dublin.
Meta, which has already conducted two rounds of mass layoffs wherein over 11,000 employees were dismissed from their roles in the last round, is known to be the first Big Tech company that conducted a second round of significant workforce reductions. Meta’s layoffs are expected to have significant impacts on teams involved in partnerships, ad sales and marketing. Recently, in the April layoffs, more than 4,000 employees were dismissed from their jobs.
In March, Mark Zuckerberg, Meta's Chief Executive Officer, announced that the majority of the dismissals in the company's second round would occur in three distinct phases spread over several months. While the process is expected to conclude by May, he also mentioned the possibility of smaller rounds of layoffs continuing beyond that timeframe.
Non-engineering roles in the company have been impacted
most by Meta's layoffs, emphasizing the importance of those involved in coding
and programming roles at the company. In March, Zuckerberg made a commitment to
"substantially" restructure the company's business teams and restore
a "more optimal ratio of engineers to other roles." Executives, who
spoke at a company town hall after the layoffs, revealed that even within the
technology teams, non-engineering roles such as content design and user
experience research were affected more by the cuts.
After their dismissal, many employees of the company took
to professional networking platforms like LinkedIn on Wednesday to share that
they had been impacted by the recent wave of layoffs.
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