The lay off frenzy across big tech isn’t over yet. In my previous post about Tech Winter, I recounted mass workforce reduction that started in 2022, that saw Meta cut about 11,000 jobs.
On October 28, 2021, the parent company of Facebook changed its name from Facebook, Inc., to Meta Platforms, Inc., to “reflect its focus on building the metaverse”. According to Meta, the “metaverse” refers to the integrated environment that links all of the company’s products and services.
Meta’s products and services include Facebook, Instagram, WhatsApp, Messenger, and Meta Quest.
Meta has announced its decision to cut around 10,000 more jobs as part of the company’s restructuring plan. According to CCN, this announcement was made by CEO Mark Zuckerberg on 14 March 2023. Additionally, the company is looking to close around 5,000 open roles that haven’t been filled yet.
It is important to recognize that this news brings uncertainty and fear for those who may be affected by the job cuts. Losing one’s job can be a devastating experience, both financially and emotionally. It is crucial for Meta to offer support and guidance to impacted employees during this transition period.
While it is difficult to say goodbye to colleagues and careers, it is important to remember that change can also bring new opportunities and growth.