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Again! Meta Lays Off 10k Employees After Sending this Newsletter

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By Augustine Mbam - - 5 Mins Read

The Meta layoffs are back in the news after the company's CEO, Mark Zuckerberg, confirmed in a newsletter that the company will be laying off ten thousand workers. He also mentioned that the company would close the five thousand open roles. For a while now, there have been rumors that Meta was due to face another round of layoffs, and the company's CEO has confirmed it. 

In the long memo, the CEO said, "With less hiring, I’ve made the difficult decision to further reduce the size of our recruiting team. We will let recruiting team members know tomorrow whether they’re impacted." According to Mark Zuckerberg, his difficult decision will not just happen immediately. He said the layoffs would happen around April to May. But he said the whole changes that would be made to the restructuring would be fully implemented at the end of the year. "In a small number of cases, it may take through the end of the year to complete these changes," Mark Zuckerberg added. 

The Meta layoffs' reason is the bad economy which has been increasingly affecting the operations of many tech companies. Every month, tech companies announce layoffs in a bid to save their company finances. "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," Mark Zuckerberg announced about the closure of the formerly open roles. 

The Meta CEO noted that it would be hard to part ways with talented people who worked with the company before the Meta layoffs. It has been a hard time for tech workers as their jobs are no longer secured due to the increasingly bad shape of the world economy. "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," Mark Zuckerberg noted. 

Hiring to Commence After Restructuring 

The CEO of Meta, Mark Zuckerberg, has confirmed that they plan on lifting their freezing restrictions on layoffs immediately after the restructuring. Apparently, the company's CEO is saying that immediately after they hit the ground running with the new structure, they will start bringing in new workers to the company. 

"After restructuring, we plan to lift hiring and transfer freezes in each group. Other relevant efficiency timelines include targeting this summer to complete our analysis from our hybrid work year of learning so we can further refine our distributed work model. We also aim to have a steady stream of developer productivity enhancements and process improvements throughout the year," Mark Zuckerberg said. 

One thing that Zuckerberg noted during this memo was how fast things have been going since they commenced the laying off of workers. The tech billionaire said that although fewer employees mean more work for the remaining employees, things have been going faster. "Since we reduced our workforce last year, one surprising result is that many things have gone faster. In retrospect, I underestimated the indirect costs of lower-priority projects," Mark said. While it is sad to see people lose their jobs, it seems like other tech CEOs are finally seeing Elon Musk's point when he laid off workers at Twitter.