Meta CEO Mark Zuckerberg announced that he would not rule out continued layoffs in the future, saying that the company would not be hiring as fast as it did before last year’s mass layoffs.
Speaking at the company’s virtual Q&A event, Mark Zuckerberg said the latest round of layoffs affects about 4,000 employees in the technology sector. Since November last year, Meta has laid off 21,000 people, which equates to nearly a quarter of its total workforce.
While Meta will fill the vacancies, Mark Zuckerberg told employees that they should not expect a net growth rate of more than 1 to 2 per cent. He explained, “I think that’s the right model to look forward to in the future, to gain efficiencies from new technology, which will be a different operating model, and I think we can do it well.”
