Stories
Slash Boxes
Comments

SoylentNews is people

posted by janrinok on Wednesday March 15 2023, @11:08PM   Printer-friendly

A tough time for big tech workers continues:

Founder and CEO Mark Zuckerberg announced Tuesday in a written statement that the tech giant would lay off 10,000 more workers, adding to the 11,000 people it laid off back in November. Additionally, around 5,000 open roles that hadn't been filled yet will be closed. In other words, it's a hiring freeze on top of a large number of layoffs.

Zuckerberg acknowledged the cuts in a blog post updating Meta's "Year of Efficiency."

This will be tough and there's no way around that. It will mean saying goodbye to talented and passionate colleagues who have been part of our success. They've dedicated themselves to our mission and I'm personally grateful for all their efforts. We will support people in the same ways we have before and treat everyone with the gratitude they deserve.

Amid the layoffs, Meta has also announced that it is stepping away from NFTs to focus on other projects.

According to TechCrunch, Meta's employee head-count came in at around 76,000 after November's layoffs. In the aftermath of this week's job cuts, that would bring the count down to around 66,000.

This is, unfortunately, just part of a wider trend in the world of big tech. Other tech firms of varying sizes like Lyft, Groupon, Vimeo, and Microsoft have all laid off workers in the last year due to broader economic difficulties.

Previously: Meta Employees Brace for Layoffs Ahead of Zuckerberg's Paternity Leave


Original Submission

 
This discussion was created by janrinok (52) for logged-in users only, but now has been archived. No new comments can be posted.
Display Options Threshold/Breakthrough Mark All as Read Mark All as Unread
The Fine Print: The following comments are owned by whoever posted them. We are not responsible for them in any way.
  • (Score: 0) by Anonymous Coward on Friday March 17 2023, @03:55AM

    by Anonymous Coward on Friday March 17 2023, @03:55AM (#1296622)

    Around here, it seems a lot of people are impressed if you work for, or managed to work for any of the FAANG companies. It's not something I necessarily agree with, but that's what people seem to think.

    I will agree that out of that group, Google seems to be held with highest regard.