Meta CEO Mark Zuckerberg Fires 10,000 More Employees and Shuts 5,000 Open Roles
On Tuesday, Meta Founder and CEO Mark Zuckerberg announced that the company will lay off an additional 10,000 employees in several rounds of job cuts in the coming months. In a Facebook post, Zuckerberg stated that the company will also close around 5,000 additional open roles that it has not yet filled. Meta's goal is to reduce its team size by approximately 10,000 people as part of its "Year of Efficiency."
Meta stated in a separate filing with the US SEC that the new job cuts will decrease the high end of its expense guidance for the year by $3 billion. Over the next few months, the company's leaders will announce restructuring plans that focus on flattening the organization, cancelling lower priority projects, and reducing hiring rates.
Zuckerberg stated that the company will inform recruiting team members the following day about whether they will be impacted. The company expects to announce restructurings and layoffs in its tech groups in late April and in its business groups in late May. In a small number of cases, it may take until the end of the year to complete these changes.
Meta's CEO stated that the company plans to lift hiring and transfer freezes in each group after the restructuring. The company will make the organization flatter by removing multiple layers of management. As part of this, Meta will ask many managers to become individual contributors. "We'll also have individual contributors report into almost every level—not just the bottom—so information flow between people doing the work and management will be faster," Zuckerberg noted.
The company's fresh cuts come just four months after it laid off 11,000 employees, or 13% of the company, in November last year.