“This will be tough and there’s no way around that,” he added.
Meta, the parent company of Facebook and Instagram, announced on Tuesday that it would be firing 10,000 employees, or 13 percent of its workforce, in an effort to cut costs and make the company more efficient.
“Meta is building the future of human connection, and today I want to share some updates on our Year of Efficiency that will help us do that,” Meta CEO Mark Zuckerberg wrote in a memo announcing the move. “The goals of this work are: (1) to make us a better technology company and (2) to improve our financial performance in a difficult environment so we can execute our long-term vision.”
Amongst those affected will be the recruiting teams, as well as the company’s tech and business employees. In addition to the cuts, the CEO announced that he will be closing 5,000 open job listings.
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