Meta to slash 4,000 jobs in third round of job cuts: All you need to know

Meta (formerly Facebook) is reportedly set for another round of mass layoffs on Wednesday that will affect at least 4,000 highly-skilled employees, the media reported. Also Read: Meta’s AI Can Now Dub And Translate Instagram And Facebook Reels In Hindi, Portuguese, And More

This week’s layoffs could be in the range of 4,000 jobs, according to a report in Vox, citing sources. Also Read: WhatsApp Status Sharing On Facebook And Instagram Coming Soon: Here Is How It Will Work

In March, Meta CEO Mark Zuckerberg announced the company would cut 10,000 jobs in the coming months. Also Read: Instagram And Facebook Will Soon Use Your Meta AI Chats To Shape Ads And Content

In an internal memo seen by The Washington Post, Meta said that “the company will begin notifying employees on its technical teams whose jobs are being cut”.

Meta will also announce newly reorganised teams and management hierarchies, the report mentioned.

“Facebook parent company Meta will announce details about new job cuts on Wednesday, part of a months-long downsizing and restructuring effort that will trim 10,000 employees amid multiple waves of layoffs,” The Washington Post tweeted on Wednesday.

In March, Zuckerberg announced to sack an additional 10,000 employees via several job cut rounds in the coming months.

Zuckerberg said that 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”.

The fresh cuts came just four months after he laid off 11,000 employees, or 13 per cent of the company, in November last year.

— IANS