BREAKING NEWS: Facebook parent company Meta confirms 10,000 layoffs in coming months

Facebook parent company Meta has confirmed it will cut 10,000 jobs in coming months, on top of the 11,000 that were slashed in December. 

Combined, the cuts account for just under a quarter of the company’s 86,000-person workforce. 

Zuckerberg announced the cuts on his Facebook page, sharing the internal memo he sent employees. 

It reads: ‘Here’s the timeline you should expect: over the next couple of months, org leaders will announce restructuring plans focused on flattening our orgs, canceling lower priority projects, and reducing our hiring rates. 

‘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.

‘This will be tough and there’s no way around that. It will mean saying goodbye to talented and passionate colleagues who have been part of our success.’ 

They are part of a wider strategy to make the company more ‘efficient and lean’. 

Now, Meta will have around 60,000 employees. 

This is a breaking new story.  

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