Meta Layoffs: 4,000 Affected Globally - Capital Street FX
META INITIATES GLOBAL LAYOFFS, WITH TECHNICAL STAFF BEARING THE BRUNT. Meta, formerly known as Facebook, has begun another round of layoffs globally, targeting employees with technical backgrounds. Many affected employees have shared their experiences on LinkedIn, stating that they were asked to leave. Teresa Jimenez, a business Programme manager at Facebook, posted that she was among those laid off and requested information on career opportunities. The layoffs affected employees in various verticals, including user experience, software engineering, and graphics programming. Reports suggest that the layoffs will affect at least 4,000 highly-skilled employees worldwide, with Instagram’s London office already affected. In March, Meta CEO Mark Zuckerberg announced the company’s plan to cut 10,000 jobs in the coming months. The company is also expected to announce new team structures and management hierarchies. These layoffs come four months after Meta laid off 11,000 employees, or 1...