Is anyone else surprised at some of the layoffs? I have seen some people in roles that I would have thought were a shoe in for redundancy end up staying while there have been others who have been doing a good job who were axed. I had actually... — read more ... Who? It is mark zasburg. ... Facebook owner Meta Platforms plans to carry out its expected company-wide layoffs next week while pushing ahead with the expedited hiring of machine learning engineers, it told staffers in internal memos seen by Reuters on Friday.

September 11, 2023 - The Meta layoffs news surfaced roughly one week after Twitter cut half of its staff. Moreover, targeted job cuts continue at a range of cloud, security and SaaS-focused companies. Still, the news isn't all bad. Google Cloud, for instance, apparently unfroze hiring in October 2022.

November 9, 2022 - We will pay 16 weeks of base pay plus two additional weeks for every year of service, with no cap. PTO. We’ll pay for all remaining PTO time. RSU vesting. Everyone impacted will receive their November 15, 2022 vesting.

November 9, 2022 - Facebook parent Meta lays off 11,000 workers CEO Mark Zuckerberg apologizes for the layoffs, which represent the first large-scale workforce reduction in the company's 18-year history.

November 7, 2022 - Facebook layoffs 2022 will start this week. Facebook’s parent company Meta is preparing to notify staff members of significant layoffs. Mass Meta layoffs are anticipated to affect thousands of employees.

November 14, 2022 - Microsoft laid off around 1,000 employees across several divisions in October, according to an Axios report. Twitter last week laid off half its workforce following Elon Musk’s $44bn takeover of the company. Meta has seen confusion over the company’s future in recent months, as its flagship platform Facebook loses young users and it faces revenue challenges due to changes in Apple’s privacy policies.

November 9, 2022 - Mark Zuckerberg announced that Meta will lay off more than 11,000 employees in a round of job cuts that will affect Facebook and Instagram.

November 10, 2022 - The Meta layoffs, which affect about 13 percent of the company’s 87,000 employees, will be concentrated in recruiting and business (the company wasn’t more specific), Zuckerberg said in a memo accompanying the layoffs. Large-scale downsizing in Silicon Valley actually started earlier this year with layoffs at companies like Snap, Netflix, and Microsoft.

March 14, 2023 - In addition to the culling of 10,000 jobs, 5,000 vacancies at the company will be left unfilled.

October 4, 2022 - The company at the very end of August cut roughly 20% of its full-time workforce, even shutting down a number of projects and acquired apps. The company is now working to reinvigorate its ads business under a "code-red" mentality.

November 9, 2022 - But on Wednesday, the company — now renamed Meta — began cutting jobs, and deeply. Meta said it was laying off more than 11,000 people, or about 13 percent of its work force, in what amounted to the company’s most significant job cuts.

November 9, 2022 - Facebook parent company Meta plans to cut more than 11,000 jobs, or 13 percent of its workforce, as it seeks to scale back expenses and transform its business in a more competitive digital advertising market.

November 7, 2022 - So that means some teams will grow meaningfully, but most other teams will stay flat or shrink over the next year. In aggregate, we expect to end 2023 as either roughly the same size, or even a slightly smaller organization than we are today" Zuckerberg said on the last earnings call in late October.

January 15, 2025 - Facebook news: Meta shelves fact-checking in policy reversal ahead of Trump administration · The social media company initiated several restructuring changes in 2022, resulting in around 11,000 job cuts, before eliminating roughly 10,000 roles ...

November 9, 2022 - The layoffs come amid a tough time for Facebook parent company Meta, which provided lukewarm guidance in late October for its upcoming fourth-quarter earnings that spooked investors and caused its shares to sink nearly 20%.

November 9, 2022 - Meta layoffs: Facebook parent company to lay off more than 11,000 employees

December 10, 2024 - I feel bad for all those who are about to be laid off, but I would love to see Facebook just disappear for existence ... Nah, this is just how the investment class juices the numbers. Fire a whole bunch of people Q1. Crow about budget cuts and how lean you are. Hire a bunch of people in Q3 or so. Crow about how you’re growing so fast with all this hiring. They toy with us as a way to pad their pockets. We’re the cattle class to them. ... It’s to make profits buddy. They’ll make more money. Layoffs is not at all a sign of a company failing in the tech world.

January 11, 2023 - Now that resources are limited, ... of more layoffs to come. Some workers see Meta’s reorgs and focus on performance metrics as simply a reality of working at a tech giant: “They’re a necessary function of a lot of corporate entities” as large as Meta, they told Recode. Another former employee thinks it’s going further than that. “Facebook is the most political place I’ve worked, and it’s become 10 times more political,” said the employee, who left in 2022 after several ...

Update 3/14: Zuckerberg has confirmed in an open letter to employees that layoffs will occur in multiple waves, beginning on March 15 and continuing in April and May. Facebook will be the first Big Tech company to undergo a second wave of layoffs.