Meta announces yet another round of employee layoffs as part of its ‘Year of Efficiency

What you need to know

  • Meta previously announced its plan to lay off more than 11,000 employees in late 2022.
  • The company has just announced plans to let go of another 10,000 employees.
  • Meta has referred to 2023 as its “Year of Efficiency.”

Meta is telling its employees to brace for more layoffs as the company continues shedding its workforce. In an update to employees shared publicly on Tuesday, Meta CEO Mark Zuckerberg announced that the company plans to reduce its workforce by around 10,000 and close roughly 5,000 unfilled roles.

The move is the company’s latest effort to increase efficiency by optimizing workflows across the company and removing unnecessary or redundant roles.

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