Monday, February 13, 2023 01:21 am
planning Facebook’s parent company Meta To further cut its staff in the coming weeks, according to the Financial Times, work has slowed at the tech giant as it plans a new round of job cuts.
Meta is likely to announce the restructuring after it completes employee performance reviews sometime in March, Engadget reported.
In November, the company laid off 11,000 employees, or about 13 percent of its global workforce.
These cuts were the largest in Meta’s nearly 20-year history, affecting every organization within the company.
While Meta isn’t the only company to cut staff in the past year, far fewer have expanded on previously announced layoffs.
Before November tell Mark Zuckerberg CEO of Meta, told analysts that the company could become a “little smaller enterprise” by the end of 2023.
Source: Tech News: Is Meta planning more job cuts?
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