Meta is set to commence companywide layoffs as it restructures teams and works towards founder Mark Zuckerberg’s goal of greater efficiency.
The Facebook parent company notified managers to prepare to announce job cuts on Wednesday, via a memo seen by Bloomberg News.
It indicates Facebook, WhatsApp, Instagram and Reality Labs — which houses the firm’s virtual reality efforts and Quest hardware — will all be affected.
The move is part of a cost-cutting push that will eventually whittle away 10,000 positions at the company, as announced by Mr Zuckerberg in March. A further round of cuts is set to follow in May.
Meta already cut about 13 per cent of its workforce, or about 11,000 jobs, in November.
It also extended a hiring freeze through the first quarter, which has been punctuated by job and cost cuts by other Silicon Valley businesses.
Mr Zuckerberg’s comments have suggested that the company would aim to become more lean and rebalance its ratio of technologists and engineers to business and administrative staff.
