Meta layoffs 2023 are back, this time to haunt another group of thousands of employees. As tech layoffs continue, Facebook parent Meta is reportedly planning to sack more employees as early as this week.
According to a Bloomberg report, the Mark Zuckerberg-led company is planning to axe more jobs over and above the 13 per cent reduction that took place in November. It adds that this round of Meta layoffs is being done to aid the organisation in becoming more efficient.
The report adds Meta has also been working towards flattening its organisation and giving buyout packages to several managers. In addition to this, Meta is also cutting reportedly slashing whole teams that it deems non-essential as per its assessment.
However, sources told the publication that the upcoming round of mass layoffs at Meta are being driven by financial targets. Hence, these are different from Meta’s plans of flattening the organisation in most ways.
Before this, when tech layoffs emerged, Facebook parent Meta shocked the world by engaging in its biggest round of layoffs by sacking close to 11,000 people. Back then, when these layoffs happened, several employees also reported of heightened anxiety and many such adverse aftermaths.
Meta layoffs fall in line with several big tech companies sacking employees. As per layoffs.fyi, in 2023, 454 tech companies have sacked 1,23,882 workers (at the time of writing this story). Analysts expect this trend of layoffs to stay in 2023.