Connect with us

Hi, what are you looking for?


Zuckerberg Laying Off 10,000 Meta Employees

In its second round of cuts, Meta — parent company of Facebook and Instagram — announced Tuesday that 10,000 employees, roughly 13 percent of its workforce, would be sent packing and 5,000 openings were being eliminated as the tech giant seeks to slim down amid worsening economic conditions.

Toward the end of 2022, Meta let 11,000 employees go in its first mass reduction in headcount, which means the company is now the first in Silicon Valley to announce a second round of layoffs amid the current economic situation, according to Reuters. And this likely won’t be the end of cuts, either.

In making the announcement, Meta Chairman and CEO Mark Zuckerberg didn’t sound any too optimistic about the economic reality he’s now working to adapt his company to, saying “we should prepare ourselves for the possibility that this new economic reality will continue for many years.” As a result, Zuckerberg explained there would be additional layoffs announced in April and May.

More, via Reuters:

Meta, which is pouring billions of dollars to build the futuristic metaverse, has struggled with a post-pandemic slump in advertising spending from companies worried about the economic outlook.

In response, Zuckerberg has promised to turn 2023 into the “Year of Efficiency”. With the latest move, Meta expects expenses in 2023 to come in between $86 billion and $92 billion, lower than the $89 billion to $95 billion forecast previously.

Zuckerberg said Meta will remove multiple layers of management, ask managers to become individual contributors and give them less than 10 direct reports, which would in turn make the organization “flatter.”

“We don’t expect to grow headcount as quickly, it makes more sense to fully utilize each manager’s capacity and defragment layers as much as possible,” he said.

Facebook is not alone in the tech sector layoff pile-on, either. All told, nearly 300,000 employees have been laid off from tech companies since January 2022, with four-in-ten employees losing their jobs just since the beginning of 2023.

  • John says:

    Another Rich elitist Democrat demonic Pig experimenting on Humanity for the sake of making more satanic Antichrist Investments I would love to be there when God gets his hands on this demon and gives him his just punishment in hell where he belongs with the rest of his it’s pedophile embracing Satan worshiping Democrat demons

  • Hello Out There In Or On The World Wide Web To Mr. Zuckerberg, sir, I agree with you, but there is some more actions to take, like the solutions that Twitter has already accomplished! You better start doing what Twitter has been doing, like No more CENSURING And CANCEL CULTURING + You Better Axing All WOKE Actions, because there ONLY A Few Frog Species, Which Includes A Little Tiny Slug, Which Don’t Need Any Form Of Surgical Operations, To Self Reproduce Themselves, And There A Majority Of We The Legal People Of The USA, Who Never Want To PAY FOR NO SEX SURGICAL OPERATION’S For No Crazy Minded Queer Types Of Human Beings, Get My Drift, sir!!!

  • DestroyThe Russians says:

    Good, I hope this communist loving POS and his company will go bankrupt soon for censoring us on FB, and fact checked on the elections and Covid-19 discussions!

  • BookFaceBasterdMarxistSuckaturd says:

    Eat Shit And Die Marxist Suckaturd. Take your bookface crap and shove it up your twat sideways. Your going to wish you had your 400 million back that you used to rig the 2020 election when your shit goes belly up. Bookface Blows just like you. Biden sucking jackass!!!!!!

  • Tressa Baker says:

    So glad to hear that he is losing millions of dollars! I got kicked off facebook because I wrote Veggie joe and the hoe! Guess that they don’t know anything about gardening!

  • Trending Today


    Houston elected Democratic state Sen. John Whitmire as its next mayor on Saturday night, elevating a Texas lawmaker who has represented the city for...


    President Biden’s approval rating has hit an all-time low, and he trails former President Donald Trump in a hypothetical head-to-head 2024 matchup. Trump leads...


    British television personality Piers Morgan has contracted COVID-19 despite being fully vaccinated and receiving a booster shot two years ago. The hypocritical host of...


    Far-left billionaire George Soros has funneled more than $50 million to a network of Iran-sympathizer groups whose members have gained significant sway within the...