On Wednesday, Meta Platforms Inc. will begin company-wide cutbacks as it restructures teams and works toward founder Mark Zuckerberg’s efficiency objective. In a memo obtained by Bloomberg News, Facebook’s parent company informed managers to prepare to announce job cuts on Wednesday.
SEE ALSO: Apple And Google Raise Concern About Dinosaur And Alien Porn On Amazon Kindle Book Store
It suggests that Facebook, WhatsApp, Instagram, and Reality Labs – which contain the company’s virtual reality initiatives and Quest hardware – will all be affected. As Zuckerberg announced in March, the decision is part of a cost-cutting effort that will ultimately eliminate 10,000 positions at the company. In May, another round of reductions is scheduled to occur.
In November, Meta eliminated approximately 13% of its personnel or approximately 11,000 positions. It also extended a recruiting moratorium through the first quarter, which has been accompanied by job and expense reductions by other Silicon Valley companies. The proportion of technologists and engineers to business and administrative personnel would be rebalanced, according to Zuckerberg’s comments.
SEE ALSO: Elon Musk Is Building A Truth-Seeking AI ‘TruthGPT’ To Counter AI Chatbots From Google, Microsoft
According to the communication distributed to managers, teams will be reorganized and various remaining employees will be reassigned to work under new managers. Meta will request that all North American employees who can work remotely do so on Wednesday to have time to digest the news. A company representative declined to comment, citing Zuckerberg’s “year of efficiency” post from March, which stated that “we intend to announce restructurings and layoffs in our tech divisions in late April, followed by reductions in our business groups in late May.”