Meta: Facebook, Instagram to lay off additional 10,000 employees
Meta, Facebook and Instagram’s parent company will lay off an additional 10,000 staff in another major shakedown as part of moves to actualise what its chairman, Mark Zuckerberg, calls a “year of efficiency.”
The lay off which figure constitutes 13 per cent of its workforce will affect recruiting team as well as restructure its tech and business groups.
It is the second mass firing that the company has enforced in the space of six months. The tech giant also said it planned to close the almost 5000 job openings which are yet to be filled.
The widespread layoffs follow a substantial global IT market contraction that put an end to Meta’s hiring spree at the height of the COVID-19 pandemic. The company, which had more than 87,000 employees the previous year, is still cutting back to fit into Mr Zuckerberg’s new model of efficiency.
“This will be tough and there’s no way around that,” he wrote.
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette
Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”
Abuja
FRSC returns recovered local, foreign currencies to accident victim
The victim of the lone accident, Judy Membu, was on phone while driving when the accident happened.
States
Elections: Police nab 15 hoodlums, recover two vehicles in Oyo
The arrested hoodlums were found in possession of fire arms, 176 cartridges, cutlasses, axe and charms among others.
States
Abia PDP Reps candidate vows to reclaim ‘stolen mandate’ in court
Ginger Onwusibe of the Labour Party scored 20,411 votes to defeat Mr Agbazuere, who polled 13,508 votes at the February 25 elections.
Economy
NGX: Investors lose N36 billion to sell-offs
The N36 billion loss from Tuesday’s N30.391 trillion equity capitalisation, represents a decline of 0.12 per cent.
Politics
Gov. Umahi appeals to APC to zone 10th NASS leadership positions
The Ebonyi governor said that doing so will ensure equity and balance of power among the geo-political zones of the country.
States
Erosion: FG to end decades of flooding in Kano communities
Benefiting communities include Ladanai and Tsamiya Babba in Nasarawa Local Government Area of Kano State.
