Facebook parent Meta Platforms has announced it is cutting a further 10,000 jobs and will not fill 5,000 open roles for which it had been recruiting.
The lay offs add to the 11,000 jobs cut by the company, which also owns Instagram and WhatsApp, late last year amid a wave of redundancies across the global tech sector.
Some 300 employees based in Ireland were laid off in the first round of cuts, but it is unknown how many Irish positions will be affected as part of the latest redundancies.
In a memo to employees on Tuesday morning, CEO Mark Zuckerberg reiterated that reductions to Meta’s workforce were being made in the name of “organisational efficiency” and “dramatically [increasing] developing productivity”.
Zuckerberg said he hoped to make these “[organisational] changes as soon as possible in the year” so that the group could “move past this period of uncertainty”.
Division leaders at Meta will announce restructuring plans that are “focused on flattening” different parts of the company, ie removing layers of management, and also cancel lower priority projects and reduce hiring rates.
Zuckerberg confirmed that cuts would be made to Meta’s recruiting team, and the technology workers who are being laid off will be informed in late April before affected business staff are told in late May.
In a small number of cases, it may take through to the end of the year to complete these changes. Our timelines for international teams will also look different, and local leaders will follow up with more details,” Zuckerberg continued.
“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.”
The ostensible freezes on hiring and transfers will be lifted company-wide following the restructuring, along with modifications to Meta’s hybrid work model.
Zuckerberg added that the cuts would be made “in service of both building a leaner, more technical company and improving our business performance to enable our long term vision.”
Meta had a headcount of 86,482 at the end of 2022, up 20% year-on-year, and the company employs around 3,000 people directly in Ireland, along with 6,000 people through third parties.
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