Meta (formerly Facebook) is expected to make another mass layoff Wednesday, it said. Report from Vox It cites “several sources working at the company.”
The job cuts are part of Meta’s broader restructuring in what CEO Mark Zuckerberg called a “year of efficiency.” In March, Zuckerberg said he would cut 10,000 jobs over the next few months, especially those related to “low-priority projects.” That’s more than his 11,000 jobs cut in November.
Layoffs this week could be as large as 4,000, a source told Vox. TechCrunch couldn’t confirm the news, but it’s not unexpected.Zuckerberg previously said the job cuts in April would affect the role of the tech department, but they’re scheduled for May. Another layoff would hit business.
Some speculate that many projects and teams within the Facebook app and Reality Labs, a unit that specializes in augmented and virtual reality experiences, will soon see the axe. However, those working on developing the game may be safe for now as Meta seeks to sell his gambling on the Metaverse to traditional gamers. Report from Business Insider.
This could be a strategic shift for Meta and Zuckerberg, who have promoted the Metaverse as a place for social interaction, work and e-commerce. Meta has poured billions into its social VR platform Horizon Worlds. However, Horizon Worlds hasn’t really taken off. 200,000 monthly active users The end of last year.