Meta Chief Executive Mark Zuckerberg in March said that the bulk of the layoffs in the company’s second round would take place in three “moments” over several months, largely finishing in May. Some smaller rounds could continue after that, he said.
Overall the cuts hit non-engineering roles most heavily, reinforcing the primacy of those who write the code at Meta. Zuckerberg pledged in March to restructure business teams “substantially” and return to a “more optimal ratio of engineers to other roles.”
Even among cuts aimed specifically at technology teams, the company eliminated non-engineering roles like content design and user experience research most severely, according to executives speaking at a company town hall afterward.
About 4,000 employees lost their jobs in the April layoffs, Zuckerberg said during the town hall, following a smaller hit to recruiting teams in March.
Meta’s layoffs followed months of waning revenue growth amid high inflation and a digital ad pullback from the pandemic e-commerce boom.
The company also has been pouring billions of dollars into its metaverse-oriented Reality Labs unit, which lost $13.7 billion in 2022, and a project to whip its infrastructure into shape to support artificial intelligence work.
function loadGtagEvents(isGoogleCampaignActive) { if (!isGoogleCampaignActive) { return; } var id = document.getElementById('toi-plus-google-campaign'); if (id) { return; } (function(f, b, e, v, n, t, s) { t = b.createElement(e); t.async = !0; t.defer = !0; t.src = v; t.id = 'toi-plus-google-campaign'; s = b.getElementsByTagName(e)[0]; s.parentNode.insertBefore(t, s); })(f, b, e, 'https://www.googletagmanager.com/gtag/js?id=AW-877820074', n, t, s); };
window.TimesApps = window.TimesApps || {}; var TimesApps = window.TimesApps; TimesApps.toiPlusEvents = function(config) { var isConfigAvailable = "toiplus_site_settings" in f && "isFBCampaignActive" in f.toiplus_site_settings && "isGoogleCampaignActive" in f.toiplus_site_settings; var isPrimeUser = window.isPrime; if (isConfigAvailable && !isPrimeUser) { loadGtagEvents(f.toiplus_site_settings.isGoogleCampaignActive); loadFBEvents(f.toiplus_site_settings.isFBCampaignActive); } else { var JarvisUrl="https://jarvis.indiatimes.com/v1/feeds/toi_plus/site_settings/643526e21443833f0c454615?db_env=published"; window.getFromClient(JarvisUrl, function(config){ if (config) { loadGtagEvents(config?.isGoogleCampaignActive); loadFBEvents(config?.isFBCampaignActive); } }) } }; })( window, document, 'script', );
<p style="text-align: justify;"><strong>Madhya Pradesh News Today:</strong> भारत सहित पूरी दुनिया ने 3 साल वैश्विक महामारी…
Hina Khan’s birthday is on October 2. (Photo Credits: Instagram)From a stunning view of her…
Food and grocery delivery major Swiggy has received markets regulator Sebi’s clearance to launch its…
NEW DELHI: Prime Minister Narendra Modi on Wednesday lauded the efforts of each and every…
Waqf Amendment Bill Email: वक्फ संशोधन बिल पर संयुक्त संसदीय समिति (जेपीसी) को सुझाव के लिए…
Meloni And Musk Viral Photos : दुनिया के सबसे अमीर शख्स एलन मस्क ज्यादातर किसी…