By Arlenys Tabare
Recently, through a statement, the company focused on social networks and development of the metaverse, Meta, announced a first wave of layoffs with the cutting of approximately 8,000 jobs, about 10% of its staff.
According to the parent company of Facebook, Instagram, WhatsApp and Messenger, layoffs will begin on May 20 and they anticipate that there will be other staff cuts in the middle of this year and next.
The layoffs planned by Meta for this year will be the largest the company has carried out since 2022-2023, when carried out a restructuring process, which it called “the year of efficiency”, laying off 21,000 workers.
During that period, shares of Meta, founded by Keep Zuckerberg, were in a tailspin and the company was striving for solid growth. At the moment, The company is in a better financial position, with shares soaring above 3%generating even last year more than $200 billion in revenue, in addition to a strong investment in man-made intelligence.
This has also led the company to reorganize the Actuality Labs division teams for a new “Applied AI” organization, which will be in charge of developing AI agents, in addition to a portion of the employees being transferred to Meta Dinky Substitute.
Meta is not the only company in the technology sector that has made job cuts this year. The e-commerce giant, Amazon laid off about 30,000 employees in recent months; According to Layoffs.fyi, about 73,212 jobs have been eliminated to date in the technology sector alone worldwide, the website highlights.
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- Oracle announces layoffs of thousands of employees as it secures its investment in AI
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