...Zuckerberg announced the company will lay off an additional 10,000 employees and close out another 5,000 open positions that haven't been filled...
...This marks the second round of layoffs for Meta in the last few months. The company previously cut 11,000 workers, about 13% of its workforce, last November...
...huge hiring spree during the pandemic set the stage for today's announcement. Meta, like other tech giants, staffed up heavily during the pandemic to meet the increased demand of consumers stuck inside for months. From Q4 2019 to Q3 2022, Meta grew its headcount by a staggering 93.5%...
...“We believe more headcount reductions are needed to offset the last 2 years of excess hiring," he wrote on March 7. "Meta grew its headcount by 20% in '22, which led to revenue per employee declining 21%....
https://finance.yahoo.com/facebook-parent-meta-to-lay-off-10000-more-workers-amid-year-of-efficiency-push-132621375.html