The layoffs in the tech industry don’t seem to stop. The industry is still in bad shape and layoffs are following. At Meta, employees could see this when the company maintained a “year of efficiency” policy. This could mean that the company will continue to make restructuring decisions that would also affect jobs. As part of that, Meta has once again announced layoffs, this time hurting those who worked on the Facebook Messenger team. Notably, this restructuring plan has also affected some Instagram employees.
Meta’s layoffs eliminate about 50 jobs on the Facebook Messenger team
According to a report from Business Insider, Meta has announced another round of layoffs. As part of this, more than 50 jobs were affected at Meta’s Facebook Messenger team. Positions related to Technical Program Management (TPM) are affected. More importantly, Meta denied commenting on the same, other than recalling “efficiency” efforts.
Continued efficiency gains, part of CEO Mark Zuckerberg’s “Year of Efficiency,” have created a cultural shift at the Met, fueling employee anxiety amid organizational reorganizations and continued layoffs.
About two days ago, Meta made headlines again, but not for positive reasons. Its services, including Facebook, Instagram and Threads, experienced an outage that lasted nearly an hour and a half. Notably, its instant messaging platform WhatsApp remained unchanged. Elon Musk and his platform X also criticized Matt for the hiatus.
The tech industry is still in bad shape
Nearly 50,000 tech workers have been laid off so far in 2024, roughly 20% of the total layoffs in the previous year, according to layoffs.fyi, a website that tracks layoffs for the tech industry. This alarming trend indicates a steady reduction in the number of jobs in the industry. This really raises concerns about the stability of employment in the tech industry.
2024-03-09 15:10:29
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