Meta Platforms Inc, the parent company of Facebook, has begun the final round of a three-part layoff plan announced in March, which aims to eliminate 10,000 roles. The company is the first Big Tech firm to announce a second round of mass layoffs after showing over 11,000 employees the door in the autumn. The latest cuts are expected to hit deeply into ad sales, marketing and partnerships teams. CEO Mark Zuckerberg has said the bulk of the layoffs in the second round would take place over several months, largely finishing in May, while some smaller rounds could continue after that. Overall, the cuts have hit non-engineering roles most heavily, with the company pledging to restructure business teams substantially and return to a more optimal ratio of engineers to other roles. Zuckerberg has also said that even among cuts aimed specifically at technology teams, non-engineering roles like content design and user experience research have been most severely eliminated. Meta’s revenue growth has been waning over months amid high inflation and a digital ad pullback from the e-commerce boom caused by the pandemic.
>>Join our Facebook Group be part of community. <<