November 13, 2022
Meta, the owner of Facebook, said that the company’s first major staff reduction, which saw 11,000 employees laid off in an unprecedented move to cut costs, involved employees at all levels and across every team, including those with high performance scores.
Lori Goler, chief human resources officer at Meta, said 54% of those laid off were in business positions, the rest in technology positions, and that Meta’s recruitment team was nearly halved.
Still, in announcing the layoffs of hundreds of executives, Zuckerberg specifically mentioned recruitment and business teams as among those affected.
After laying off 13% of its workforce, or more than 11,000 employees, in one of the largest tech layoffs this year as Meta grapples with a weak advertising market and rising costs, the company also told employees that it will stop developing smart displays and smartwatches.
Meta executives also said the company was reorganizing, combining a voice and video calling unit with other messaging teams and creating a new division, Family Foundations, to focus on difficult engineering problems.
According to Goler, employees who lose their jobs will also receive at least four monthly salaries as severance pay.
The sources for this piece include an article in Reuters.
