Meta is announcing another round of layoffs as part of its Year of Performance

What you need to know

  • Meta previously announced plans to lay off more than 11,000 employees by the end of 2022.
  • The company just announced plans to cut another 10,000 jobs.
  • Meta has called 2023 its “year of efficiency.”

Meta is telling its employees to prepare for more layoffs as the company continues to shed its workforce. Meta CEO Mark Zuckerberg announced in a publicly released employee update on Tuesday that the company plans to cut its workforce by about 10,000 and close approximately 5,000 unfilled roles.

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

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