Zuckerberg took responsibility for the cuts, admitting to expanding the company too quickly amid a pandemic-fueled surge in revenue.Īt the time, Zuckerberg wrote that while Meta would be making reductions in every area across both its Family of Apps and Reality Labs segments, some teams would be affected more than others. In November, Meta announced that it would cut 11,000 employees, or about 13% of its workforce, in the first layoffs in the company’s 18-year history. Now read: Facebook parent Meta begins mass layoffs of 11,000 workers as Mark Zuckerberg says, ‘I take responsibility’ Zuckerberg added: “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.” “We expect to announce restructurings and layoffs in our tech groups in late April, and then our business groups in late May.” “With less hiring, I’ve made the difficult decision to further reduce the size of our recruiting team,” Meta Chief Executive Mark Zuckerberg wrote in a blog post on March 14. In a blog post, Dan Clancy, CEO of Amazon’s Twitch subsidiary, said that just over 400 people will be laid off from the livestreaming service.Īnnounced plans to lay off 10,000 more employees as it focuses on a “year of efficiency.” “This initially led us to eliminate 18,000 positions (which we shared in January) and, as we completed the second phase of our planning this month, it led us to these additional 9,000 role reductions.” ![]() “As our internal businesses evaluated what customers most care about, they made re-prioritization decisions that sometimes led to role reductions, sometimes led to moving people from one initiative to another, and sometimes led to new openings where we don’t have the right skills match from our existing team members,” he added. Related: Amazon’s stock dips 1% as another 9,000 layoffs announced “This was a difficult decision, but one that we think is best for the company long term,” he wrote. In a memo to staff, Amazon Chief Executive Andy Jassy said the cuts would take place over the next few weeks and would primarily affect Amazon Web Services, People Experience and Technology Solutions, advertising and Twitch. Recently announced that it was was eliminating another 9,000 jobs in addition to the 18,000 layoffs the company announced in January. 31, according to Roku’s 2022 annual report. ![]() The latest job cuts would account for about 6% of the company’s workforce, which stood at 3,600 as of Dec. first announced in November that it would cut about 5% of its workforce amid a challenging advertising landscape. Related: Roku to lay off 200 employees, exit some leases to cut costs
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