Meta to lay off 10,000 more workers after initial cuts in November

https://www.cnbc.com/2023/03/14/meta-layoffs-10000-more-workers-to-be-cut-in-restructuring.html

Meta blog post: https://about.fb.com/news/2023/03/mark-zuckerberg-meta-year-of-efficiency/

Meta CEO Mark Zuckerberg said in a blog post on Tuesday that the company will lay off 10,000 employees as Meta continues to slim down and trim expenses in a challenging economy.

The new round of layoffs follow a previous round of cuts, announced in November, that affected over 11,000 workers, which equated to roughly 13% of Meta’s overall staff.