On the morning of May 25, Beijing time, on Wednesday Eastern Time, Meta announced the launch of the last round of large-scale layoffs, affecting about 6,000 people.
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Employees from marketing, website security, corporate engineering, program management, content strategy, corporate PR, and more posted on LinkedIn that they had been laid off, as did some from privacy and integrity.
In November last year, Meta announced that it would lay off 11,000 people; in March this year, it announced that it would cut 10,000 people. This layoff is part of the layoff plan in March.
Currently, Meta’s headcount is down to mid-2021 levels. In September last year, Meta had 87,314 employees. In November last year, it announced that it would lay off 11,000 people. In March this year, it announced that it would lay off 10,000 people. Once the layoffs are completed, the number of employees will drop to 66,000, which is equivalent to a 25% reduction.
Meta has doubled in market value this year and is an excellent performer among S&P 500 companies, largely as the company slashes costs and focuses on AI.
In March, Mark Zuckerberg said a second round of layoffs would take place over the next few months, with most of them ending by May, with some smaller layoffs after that.
Overall, the layoffs are mainly targeting non-engineering positions, which means that the status of Meta code programmers has been improved. Zuckerberg promised to fundamentally restructure the team to optimize the ratio of engineers to other jobs.
After the layoffs in April, Meta executives said that although some technical teams were also affected by the layoffs, the main ones affected within these teams were non-engineering positions, such as content design and user experience research.
For Meta, India is a very important market, but two executives of the Indian branch were fired, they were marketing director Avinash Pant and media cooperation director Saket Jha Saurabh.
After the end of the pandemic, U.S. inflation soared, digital advertising investment fell, and Facebook’s revenue growth slowed down, so it was forced to start layoffs.
