Meta plans to lay off another 10,000 employees and will stop trying to fill 5,000 open roles, CEO Mark Zuckerberg told staff in a memo today.
Zuckerberg titled the memo "Update on Meta's Year of Efficiency" and used the first two paragraphs to tout improvements to the Facebook, Instagram, and WhatsApp owner's operations. In the third paragraph, employees reading the memo found out that 10,000 of them will lose their jobs in the coming months.
"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," Zuckerberg wrote.
Today's news comes three months after the announcement of Meta's previous layoff round that targeted 11,000 employees. Meta had over 87,000 employees before the layoffs announced in November, and most of those cuts weren't yet reflected in the company's Q4 2022 earnings report. By the time both rounds of layoffs are complete, Meta should be down to about 66,000 employees.
The first sentence of today's Zuckerberg layoff memo said, "Meta is building the future of human connection, and today I want to share some updates on our Year of Efficiency that will help us do that." He went on to describe "several parallel workstreams to improve organizational efficiency, dramatically increase developer productivity and tooling, optimize distributed work, garbage collect unnecessary processes, and more."