Meta Platforms reportedly
pulled the trigger on its latest round of cuts which will result in 10,000
people losing their jobs, with the axe initially falling on engineers and
adjacent IT teams.
CNBC reported employees with
technical backgrounds including user experience, software engineering, graphic
programming and engineers working on VR and AR had started to post on social
media they had been let go.
Meta Platforms also
confirmed to the outlet the cuts were underway.
An unnamed employee told CNBC the layoffs will hit
business-facing roles spanning finance, legal and HR from May.
CEO Mark Zuckerberg revealed in March the company would lose
another 10,000 staff, adding to 11,000 already impacted in November 2022.
Zuckerberg has explained
the move is part of ongoing efforts to improve financial performance in the
face of economic difficulty and, in turn, ensuring the company operates more
efficiently.
Meta Platforms is
scheduled to report its Q1 results on 26 April.
The company has been hit
by a slump in digital advertising revenue, while it continues to invest heavily
in the metaverse.
