Federal Character
  • Home
  • News
  • Politics
  • Business & Finance
  • Entertainment
  • Sports
  • Tech
  • Relationship and Life
  • Fashion & Lifestyle
  • Food & Nutrition
  • Health
  • Opinion
No Result
View All Result
  • Home
  • News
  • Politics
  • Business & Finance
  • Entertainment
  • Sports
  • Tech
  • Relationship and Life
  • Fashion & Lifestyle
  • Food & Nutrition
  • Health
  • Opinion
No Result
View All Result
Federal Character
No Result
View All Result
Home News

Meta Initiates Final Phase of Layoffs

Marian RomainebyMarian Romaine
May 24, 2023
in News
0
Meta Initiates Final Phase of Layoffs
Share on FacebookShare on TwitterShare on Whatsapp

Meta Platforms Inc. (formerly known as Facebook) has commenced the last phase of a three-part series of layoffs, according to an insider familiar with the matter. The move is part of a restructuring plan, previously announced in March, and aims to eliminate 10,000 positions within the company.

Earlier this year, Meta became the first major technology company to announce a second wave of significant job cuts, after letting go of over 11,000 employees in the previous autumn. These reductions have brought the company’s workforce back to its mid-2021 levels, following a period of rapid expansion that doubled its personnel since 2020.

On Wednesday, May 24, several employees from various departments such as marketing, recruiting, engineering, and corporate communications took to LinkedIn to share that they had been laid off.

Meta’s CEO, Mark Zuckerberg, had already stated back in March 2023, that the majority of the layoffs in the second round would occur in three phases, spread out over several months, with most of them expected to conclude in May. Smaller rounds of cuts may follow thereafter.

Non-engineering roles have been predominantly affected by the layoffs, underscoring the company’s emphasis on coding expertise at Meta. Zuckerberg pledged to significantly restructure business teams and establish a more balanced ratio of engineers to other roles.

Even within the technology teams, non-engineering positions such as content design and user experience research were eliminated to a greater extent, as revealed by executives in a company town hall meeting.

During the town hall, Zuckerberg confirmed that approximately 4,000 employees were laid off in April, following a smaller reduction in recruiting teams in March.

On Wednesday, Meta announced that the latest cuts would likely impact around 490 employees at its international headquarters in Dublin, constituting nearly 20% of its Irish workforce.

Meta’s decision to downsize comes in the wake of declining revenue growth over the past few months, primarily due to high inflation and reduced digital advertising during the e-commerce boom prompted by the pandemic.

Tags: commenced the last phase of a three-part series of layoffsMeta Platforms Inc
Marian Romaine

Marian Romaine

Marian Romaine is a seasoned content writer with a passion for translating complex technological concepts into accessible and engaging content.She is dedicated to creating engaging and informative content aiming to enhance both reader engagement and search engine visibility. Her writing combines a deep understanding of the subject matter with a talent for crafting clear, concise, and informative pieces.With 3 years of industry experience, her expertise includes crafting blog posts, articles, social media content, and website copy.

Related Posts

After Louvre Heist, Thieves Hit Another French Museum
News

After Louvre Heist, Thieves Hit Another French Museum

October 23, 2025
US Troops on Standby In Anticioation of Massive, Coordinated Anti-Trump Protests
News

US Troops on Standby In Anticipation of Massive, Coordinated Anti-Trump Protests

October 18, 2025
Blood Spills in Peru as Gen Z Fights a Broken System
News

Blood Spills in Peru as Gen Z Fights a Broken System

October 22, 2025
Next Post
First Russian Hypersonic Missile Scientist to Face Treason Trial Next Week

First Russian Hypersonic Missile Scientist to Face Treason Trial Next Week

Tina Turner Dies At 83

Tina Turner Dies At 83

Nasarawa State Police Command Nabs Abductors

Nasarawa State Police Command Nabs Abductors

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Tottenham Midfielder Rodrigo Bentancur to Face Suspension after Racist Comments towards Son Heung-Min

Tottenham Midfielder Rodrigo Bentancur to Face Suspension after Racist Comments towards Son Heung-Min

11 months ago
Kemi Badenoch to Visit Qatar, Saudi Arabia, For Trade Deal 

Kemi Badenoch to Visit Qatar, Saudi Arabia, For Trade Deal 

2 years ago
Air Peace Gives Date For Flight Resumption in Kaduna Airport

Air Peace Gives Date For Flight Resumption in Kaduna Airport

2 years ago
Gambia and Yahya Jammeh’s Witch Hunts

Gambia and Yahya Jammeh’s Witch Hunts

3 years ago

Categories

  • Beauty
  • Business & Finance
  • Entertainment
  • Fashion & Lifestyle
  • Food & Nutrition
  • Government
  • Health
  • News
  • Politics
  • Relationship and Life
  • Sports
  • Tech

Topics

2023 Aboki/Bureau De Change (BDC) apc Arsenal buhari Business cbn chelsea china court Davido Dollar Efcc Election Entertainment Euro and Pounds To Naira Exchange Rate For Today exchange rates for the Nigerian Naira (NGN) Fashion federal character federal government Finance food Football Foreign News government health inec Israel lagos Manchester United Naira Naira Black Market exchange rates News Nigeria pdp police Politics president protest Russia Sports tinubu trump ukraine US
No Result
View All Result

Highlights

Baltimore City Police Who Stole $215k Retains Pension

APC’s New Apostle: Amupitan Says God Sent Him to Fix Elections

Dangote Group Disowns Killer Truck in Ondo Crash

Messi has commit to Miami signing a new contract extension till 2028

Why Making Music in Nigeria is Expensive — Bella Shmurda Speaks

Nnamdi Kanu Fires Legal Team in Open Court, Vows to Defend Himself

Trending

Why Hawaii Is Not Part Of NATO
Government

Why Hawaii Is Not Part Of NATO

byEriki Joan Ugunushe
October 23, 2025
0

It sounds strange that Hawaii, a proud US state and home to one of the world’s most...

The Sound of Resistance: Plastic Whistles Become an Unlikely Anti-ICE Tool in Chicago

The Sound of Resistance: Plastic Whistles Become an Unlikely Anti-ICE Tool in Chicago

October 23, 2025
Release Sowore or Face Mass Protests, Tinubu Government IS Warned

Release Sowore or Face Mass Protests, Tinubu Government IS Warned

October 23, 2025
Baltimore City Police Who Stole $215k Retains Pension

Baltimore City Police Who Stole $215k Retains Pension

October 23, 2025
APC’s New Apostle: Amupitan Says God Sent Him to Fix Elections

APC’s New Apostle: Amupitan Says God Sent Him to Fix Elections

October 23, 2025

We launched Federal Character in February 2021 based on the belief that the world is in need of smarter and more efficient reporting of events shaping our rapidly changing world. We pledged to put our audience first, always.

Recent News

  • Why Hawaii Is Not Part Of NATO
  • The Sound of Resistance: Plastic Whistles Become an Unlikely Anti-ICE Tool in Chicago
  • Release Sowore or Face Mass Protests, Tinubu Government IS Warned

Categories

  • Beauty
  • Business & Finance
  • Entertainment
  • Fashion & Lifestyle
  • Food & Nutrition
  • Government
  • Health
  • News
  • Politics
  • Relationship and Life
  • Sports
  • Tech

© 2024 FederalCharacter.com

No Result
View All Result
  • Home
  • News
  • Politics
  • Business & Finance
  • Entertainment
  • Sports
  • Tech
  • Relationship and Life
  • Fashion & Lifestyle
  • Food & Nutrition
  • Health
  • Opinion

© 2024 Federalcharacter.com