Meta Layoffs: New Wave of Tech Layoffs

The new wave of Meta layoffs is affecting various teams across Meta. The company has cited budget cuts as the reason behind this job cut.

The exact number of employees being let go has not been specified. The tech giant has stated that this new round of layoffs was due to the company’s change in ‘long-term strategic goals’ as well as ‘location strategy’. The company further stated that it will also be moving some divisions and employees to other locations and roles. The employees affected by this company strategy include WhatsApp, Instagram, and Reality Labs.

Those affected by the layoffs have taken to social media websites like X to disclose that they had been let go. According to reports, employees belonging to Facebook’s legal operations, recruiting division and design division have been laid off. On the other hand, some reports have stated that Threads’ legal operations and recruiting division have not been affected. A former employee at Meta stated that severance packages were offered to the employees if they chose not to take on the new positions as appointed by Meta.

Meta Layoffs: More on this new wave of layoffs

Some rumours have begun spreading about the reasons for the new wave of layoffs. According to a report, some of the workers had been fired as they used the $25 meal credits to purchase household items instead of food.

The tech industry is no stranger to job layoffs. There seem to be major tech layoffs happening every month or so. Meta has infamously laid off 11,000 employees in 2022 alone. Later in 2023, the leading tech company announced a layoff affecting more than 10,000 jobs as part of Mark Zuckerberg’s new strategy.

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