Crypto winters have come and gone, but none as harsh as last year. The area has been plagued by asset price drops, company shutdowns, hacks and mass layoffs. Despite the start of a new calendar year, the spree of layoffs continues at full speed. A recent report from Bloomberg states that Meta revealed that his company is looking to initiate a new round of layoffs. Citing “people familiar with the matter,” the report signals that thousands of employees are likely to be affected this week. Meta reportedly does this “to become a more efficient organization.”
It appears that Zuckerberg has described 2023 as Meta’s “productivity year.” In fact, the company conveys the theme in question to employees during performance appraisals. It was announced that the evaluations were completed last week.
Meta is planning a fresh round of layoffs as soon as this week affecting thousands of employees, on top of a 13% cut in November https://t.co/4N81wujGTe
— Bloomberg (@business) March 7, 2023
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According to the people in question, the aforementioned dismissal phase could be concluded within the next week.
According to sources, the company has asked the Director and Vice Presidents to compile a “list of employees” that could be laid off. However, Meta has not confirmed the same. A spokesperson declined to comment or provide further details to Bloomberg.
Recently, Meta has been trying to cut costs. She reportedly gave buyout packages to executives and fired teams she deemed unnecessary. The move in question is about to be finalized and it is possible to affect thousands of personnel.
Koinfinans.com As we reported, Meta made the first mass layoffs in November last year, laying off 11,000 employees, who accounted for about 13% of its workforce. The CEO takes full responsibility for the decision. Mark Zuckerberg had undertaken.
Other companies also continue to reduce their staff numbers. Late last month, Elon Musk’s Twitter laid off about 200 of its employees. Technology giant due to “global economic slowdown” Microsoft Even mass layoffs.