Meta, Facebook’s parent company, has announced more jobs cuts following on from those shed in November 2022, saying it will now cut an additional 10,000 jobs globally, and that it will not proceed with around 5,000 open roles that were waiting to be filled.
“With less hiring, I’ve made the difficult decision to further reduce the size of our recruiting team,” Mark Zuckerberg today, saying the cuts were part of a restructuring in the company.
“We will let recruiting team members know tomorrow whether they’re impacted.”
“In a small number of cases, it may take through the end of the year to complete these changes. Our timelines for international teams will also look different, and local leaders will follow up with more details,” he wrote.
“Overall, we expect to reduce our team size by around 10,000 people and to close around 5,000 additional open roles that we haven’t yet hired,” he added.
Meta directly employs around 2,600 people in Ireland and it is unclear how they will be impacted. Some 300 Irish jobs were lost in the November round of cuts.
Mr Zuckerberg warned that a new economic reality might continue for many years to come.
“Higher interest rates lead to the economy running leaner, more geopolitical instability leads to more volatility, and increased regulation leads to slower growth and increased costs of innovation,” he wrote.
“Given this outlook, we’ll need to operate more efficiently than our previous headcount reduction to ensure success,” he added.