Meta Platforms Inc., owner of Facebook, Instagram and WhatsApp, is planning a new round of layoffs and will cut thousands of employees as early as this week. This was reported by Blooomberg, citing some sources. After the 13% cut, last November in an attempt to become a more efficient organization, now Mark Zuckerberg is considering cutting thousands more jobs for financial targets.
In its previous round of layoffs, Meta cut 11,000 jobs. A crackdown on one of the many restructuring plans initiated by large technology multinationals, including Alphabet, Amazon, Intel, Microsoft and Salesforce. No official confirmation has yet arrived from the company, but the recent statements of the CEO after the numbers of the last quarterly, would still suggest that the downsizing of the group is not yet finished. The CEO had in fact announced that 2023 would be "the year of efficiency" and that the company aimed to become "stronger and more agile".