![]() “This will be tough and there’s no way around that,” Zuckerberg stated. Several layers of management will also be removed to create a “flatter” organization to streamline the decision-making process. Meta’s tech department layoffs will be announced in late April, while business groups will learn more about layoffs in late May. The company neither confirmed nor denied this. The announcement comes months after 11,000 Meta employees were laid off in November last year some of those affected were Canadian employees.ĭaily Hive asked Meta if employees in Canada would be affected by this new round of layoffs. “But last year was a humbling wake-up call.” “For most of our history, we saw rapid revenue growth year after year and had the resources to invest in many new products,” he stated. ![]() He added that these changes are due to slow growth, competition, and a changing world economy. ![]() The memo was also shared on his official Facebook page. “My hope is to make these org changes as soon as possible in the year so we can get past this period of uncertainty and focus on the critical work ahead,” stated Zuckerberg. On Tuesday, March 14, Meta Chief Executive Officer Mark Zuckerberg shared a memo titled “Update on Meta’s Year of Efficiency,” where he announced that the company will be laying off 10,000 people and will be closing “around 5,000 additional roles that we haven’t hired yet.” Massive changes are coming to Meta, the company that owns Facebook, Instagram, and WhatsApp. ![]()
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