Final Phase Of Layoffs: Meta Completes Workforce Downsizing, Job Cuts Reach 10,000

Meta, the parent firm of Facebook, has completed the last phase of its plan to remove overall 10,000 positions by implementing a series of job cuts across its business and operations units.

This action was part of an earlier announcement made in March and marks the third and final phase of layoffs in the company.

Meta employees across several teams including marketing, site security, enterprise engineering, program management, content strategy, and corporate communications shared news of their job losses on LinkedIn.

The company also downsized the workforce in units focusing on privacy and integrity, according to LinkedIn posts, reports Business Today.

As per the report, the company's Reality Labs unit, invested with billions of dollars, is concentrated on enhancing the metaverse while also boosting its infrastructure to support artificial intelligence initiatives. However, in 2022, the unit incurred a massive loss of $13.7 billion.