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Meta lays off 6,000 more employees: Zuckerberg’s ‘productivity year’ continues

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Dark period for Mark Zuckerberg: Following the 1.2 billion euro fine (the heaviest penalty ever imposed in European Big Tech history) on Facebook by the EU, the news came today: Meta lays off 6,000 more workerson its second “round” of cuts in the last twelve months.

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For those who don’t remember, Meta’s initial layoffs date back to November 2022, when the company was laid off. 11,000 employees left at home overnight due to the global economic crisis that hit the tech sector. Meta then announced other layoffs taking shape around this time in March.

In total, they were very impressed 6,000 employees in the meta business areamainly deals with advertising space sales, marketing and partnerships. This was reported by Gizmodo, citing some sources within the company. In April, it was revealed that Meta will lay off another 10,000 by the end of May, so it’s possible that the latest wave of new layoffs will follow closely.

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All these layoffsFacebook, Instagram’s “productivity year” and the company, as Mark Zuckerberg has said in recent months. “The focus on business in these layoffs coincides with Mark’s need to return engineers to an optimal rate relative to other positions.”Matt explains.

Meta’s layoffs so far guaranteed short-term savings to the company, but it is not clear how much it will contribute to the long-term economic well-being of the company. In April, Meta reported growth in sales that hadn’t been seen in months, but that also seems to be due to a clear shift in priorities. Partial abandonment of the Metaverse in favor of artificial intelligence.

Source: Every Eye

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