Arab Press

بالشعب و للشعب
Thursday, May 22, 2025

Meta To Start Another Round Of Layoffs Next Week: Report

Meta To Start Another Round Of Layoffs Next Week: Report

Meta has been marketing 2023 as a "year of efficiency" in an effort to improve its financial performance and achieve long-term goals.
Facebook-parent Meta Platforms has said that it will be conducting another round of layoffs just two months after it let go 10,000 employees, as per a report in Vox News. This was communicated to the staff by the company's executives in a Q&A with employees on Thursday.

Meta's President of Global Affairs Nick Clegg said during the company meeting, "The third wave is going to happen next week. That affects everybody in the biz teams, including in my orgs. It's just a time of great anxiety and uncertainty. ... I wish I could have some easy way of providing solace or comfort. It is uncertain. And actually it's really increased my admiration for the way that everyone - notwithstanding that uncertainty - you're just displaying such resilience and professionalism."

The executive said that the layoffs "will follow a similar process" to the job cuts that took place in April. The Head of People Meta will send a note to staff members the afternoon before layoffs take place with information about when the process will start and which teams will be impacted. Further, Employees impacted by the job cuts will then be notified and then information will be sent to non-impacted employees. According to Mr Clegg, the company will request that any employee "whose job allows" should work from home, as per Vox News.

Melinda Davenport, the Director of Internal Communications at Meta, addressed the staff members before the executives took questions. "Real talk: We are still going through our layoffs and restructuring that you've heard all of our senior leaders mention. And while I know that it's a tough and tricky situation, we're going to try to answer all the questions that you may have." Ms Davenport added that the company "may not have all the answers that you're searching for" but the company is trying their best.

As per the outlet, several employees questioned whether there will be more layoffs in the future. To this, the Chief Technology Officer Andrew "Boz" Bosworth stated that they "don't have anything planned". He said, "The plan is to continue as we have done for a long time as a company and go forth and build and grow."

"I can't tell you if the revenue tanks and the economy tanks or costs go up for some reason or some kind of thing happens. You know, I can't know the future," he concluded.

It is to be noted that the company has been marketing 2023 as a "year of efficiency" in an effort to improve its financial performance and achieve long-term goals. To achieve the same, it is flattening the organisation, cancelling lower priority projects and slowing hiring. As per Reuters,
Meta has struggled with a "post-pandemic slump" in advertising spending from companies facing high inflation and rising interest rates.
Newsletter

Related Articles

Arab Press
0:00
0:00
Close
UK Suspends Trade Talks with Israel Amid Gaza Offensive
Iran and U.S. Set for Fifth Round of Nuclear Talks Amid Rising Tensions
Russia Expands Military Presence Near Finland Amid Rising Tensions
Indian Scholar Arrested in Crackdown Over Pakistan Conflict Commentary
Israel Eases Gaza Blockade Amid Internal Dispute Over Military Strategy
President Biden’s announcement of advanced prostate cancer sparked public sympathy—but behind closed doors, Democrats are in panic
Mount Lewotobi Laki-Laki Erupts Again, Spewing Ash Cloud over Flores Island
Indian jet shootdown: the all-robot legion behind China’s PL-15E missiles
The Chinese Dragon: The True Winner in the India-Pakistan Clash
Australia's Venomous Creatures Contribute to Life-Saving Antivenom Programme
The Spanish Were Right: Long Working Hours Harm Brain Function
Did Former FBI Director Call for Violence Against Trump? Instagram Post Sparks Uproar
US and UAE Partner to Develop Massive AI Data Center Complex
Apple's $95 Million Siri Settlement: Eligible Users Have Until July 2 to File Claims
US and UAE Reach Preliminary Agreement on Nvidia AI Chip Imports
President Trump and Elon Musk Welcomed by Emir of Qatar Sheikh Tamim with Cybertruck Convoy
Strong Warning Issued: Do Not Use General Chatbots for Medical, Legal, or Educational Guidance
NVIDIA and Saudi Arabia Launch Strategic Partnership to Establish AI Centers
Trump Meets Syrian President Ahmad al-Shara in Historic Encounter
US and Saudi Arabia Sign Landmark Agreements Across Multiple Sectors
Why Saudi Arabia Rolled Out a Purple Carpet for Donald Trump Instead of Red
Elon Musk Joins Trump Meeting in Saudi Arabia
Trump says it would be 'stupid' not to accept gift of Qatari plane
Quantum Computing Threatens Bitcoin Security
Michael Jordan to Serve as Analyst for NBA Games
Senate Democrats Move to Censure Trump Over Qatar Jet Gift
Hamas Releases Last Living US Hostage from Gaza Amid Ongoing Conflict
India and Pakistan Agreement on Ceasefire Amid Ongoing Tensions
Trump's Upcoming Middle East Trip Excludes Israel, Raising Concerns Among Israeli Officials
Trump's Upcoming Visit to Gulf Nations: Investment and Security at the Forefront
Cardinal Robert Prevost Elected as Pope Leo XIV, Marking a Historic Papacy
India-Pakistan conflict may be first test for Chinese military tech
Common Sense Returns to Britain's Legal System: UK Supreme Court Declares a Woman Is… a Woman
Warren Buffett to Step Down as Berkshire CEO After Nearly 60 Years
Trump Shares AI-Generated Image of Himself as… Pope, Prompting Outrage Reaction
Amazon Launches Satellite Internet Service Amidst Competition with SpaceX
Trump Administration Removes National Security Adviser Mike Waltz Amid Signal Chat Controversy
Massive Explosion at Iran's Bandar Abbas Port Linked to Suspicious Chemical Shipments
Pope Francis Laid to Rest in Rome as World Leaders Attend Funeral
Not Child’s Play: How Competitive Gaming Became a Global Economic Empire
California Surpasses Japan to Become the World’s Fourth-Largest Economy
Former U.S. Congressman George Santos sentenced to eighty-seven months for wide-ranging fraud
Israel Considers Limited Strikes on Iran's Nuclear Facilities Amid Diplomatic Efforts
Saudi Arabia Offers Max Verstappen Unprecedented Deal to Join Aston Martin
Global Pistachio Shortage Amid Rising Demand for 'Dubai Chocolate'
IMF Predicts No Global Recession Amid Trade Tensions
Removing the Political Rival Means Diminishing What's Remaining of Turkey's Economy
White House Investigates Security Breach After Journalist Accidentally Added to Secret Yemen Strike Chat
UAE Pledges $1.4 Trillion Investment Strategy in the United States
Revealing the Electromagnetic Characteristics of the Great Pyramid of Giza
×