Facebook parent company Meta has reportedly launched its final round of layoffs, with about 6,000 people expected to be affected, people familiar with the matter said today.
Last November, Meta announced its first round of mass layoffs, affecting more than 11,000 employees, or about 13 percent of its workforce.
In March of this year, Meta CEO Mark Zuckerberg announced a second round of layoffs that will again affect about 10,000 employees.
The layoffs were part of the second round of layoffs announced in March. Mark Zuckerberg said at the time that the second round of layoffs would take place in three waves and would eventually be completed by the end of May. Subsequently, Meta has already laid off about 4,000 people in the technology department. This time, Meta expects to lay off 6,000 people.
Meta’s workforce expanded dramatically during the outbreak as consumer demand for digital services soared. 2020, the first year of the outbreak, saw Meta’s workforce grow by 30 percent, and then by another 23 percent in 2021.
By the time the layoffs began last November, Meta had more than 87,000 employees. After these two rounds of layoffs, the total number of Meta employees will drop to about 66,000.
It was reported on Monday that Meta’s current round of layoffs would focus on its business units, including its ad sales, marketing and partnerships teams. Today, some Meta employees have already said on LinkedIn and other platforms that they were laid off in the new round of layoffs.
