Meta to lay off additional 10,000 jobs

Meta to lay off additional 10,000 jobs

In a recent announcement, Facebook’s parent company, Meta, has confirmed that it will be laying off an additional 10,000 jobs in the coming months.

This news follows the company’s decision to cut 11,000 jobs back in December. In total, these job cuts will account for almost a quarter of the company’s 86,000-person workforce.

The decision to cut jobs comes as Meta continues to face scrutiny over its business practices and the impact that its platforms have on society.

The company has also been dealing with declining user engagement and increasing competition from other social media platforms.

While the exact details of the job cuts have not yet been announced, it is expected that they will impact various departments and teams across the company.

This news is likely to be met with concern from both current and former employees, as well as from investors and analysts who closely follow the company’s performance.

Overall, this development is significant for the tech industry and for the broader economy, as Meta is one of the largest and most influential companies in the world.

It remains to be seen how these job cuts will impact the company’s future direction and performance, as well as the wider social and economic implications of such a significant reduction in workforce.

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