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Meta Layoffs Plan: Facebook’s parent company Meta is once again preparing for layoffs. Mark Zuckerberg’s company is ready for the second round of layoffs next week. If media reports are to be believed, like last year, the company can cut 13 percent of its workforce, that is, around 11 thousand jobs. It is being told that under this, first of all, there is a possibility of job loss for the people of non-engineering department.
According to a report in ‘The Wall Street Journal’, Meta Platforms is planning to announce more rounds of layoffs in the coming months. The report said that this would be equivalent to a reduction of 13 per cent in the workforce last year. Along with this, it has been said in the report that with these cuts the company is also going to close some of its projects. Obviously, this will also affect the teams working on sub-projects.
The reduction in Meta’s workforce will affect the company’s hardware and Reality Labs projects along the Metaverse vertical, which currently have billions of dollars in budget. We’re looking at both the app and the company in the Reality Labs family, and evaluating whether we can channel our resources toward the highest leverage opportunities, Susan Lee, Meta’s chief financial officer, said at a recent Morgan Stanley conference call. are deployed.
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