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Meta Preparing for New Round of Layoffs Worldwide

Meta Preparing for New Round of Layoffs (News Central TV)

According to the Washington Post, Facebook parent company Meta is preparing for another round of layoffs, deputising human resources, lawyers, financial experts, and top executives to devise strategies to deflate the company’s hierarchy in a reorganisation and downsizing effort that could affect thousands of employees.

Meta plans to push some leaders into lower-level roles without direct reports, flattening the layers of management between Meta CEO Mark Zuckerberg and the company’s interns.

As their teams grow in size, other managers may find themselves in charge of a larger number of employees. Some within Meta anticipate that employees whose jobs have been converted will eventually leave, reducing the company’s workforce by default.

In addition to targeting managers, the company is considering more traditional cuts, such as reducing some projects and jobs. These efforts, which are aimed at divisions across the company and around the world, may not occur on a single day, but will most likely be implemented over the next few months.

The job cuts come after Zuckerberg tried to reassure employees that he didn’t expect more layoffs after the company cut 11,000 jobs — roughly 13 percent of its workforce — in November. At the time, Zuckerberg informed remaining employees that the company had made significant cuts to minimise the possibility of having to lay off people in the near future.

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