Meta fires 6,000 employees globally; top Indian executives impacted in layoff

Meta fires 6,000 employees globally; top Indian executives impacted in layoff

These job cuts were part of the company's so-called "Year of Efficiency," in which Meta is being restructured to cut costs, reports TechCrunch.

FPJ Web DeskUpdated: Thursday, May 25, 2023, 11:54 AM IST
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Meta fires 6,000 employees globally; top Indian executives impacted in layoff | Canva

Meta on Wednesday conducted a fresh round of layoffs that was set to impact about 6,000 employees globally.

These job cuts were part of the company's so-called "Year of Efficiency," in which Meta is being restructured to cut costs, reports TechCrunch.

The third round of layoffs affected Meta's marketing, program management, content strategy, enterprise engineering, corporate communications and site security. The employees that were fired in this round of layoff took to LinkedIn to share the news. Additionally, according to media reports Meta has reduced staff in units dedicated to privacy and integrity.

Layoff impacts top Indian employees

The last round of layoff has also impacted several senior Indian executives, reported Reuters. According to the report among the affected Indian employees are Avinash Pant, the director of marketing for India, and Saket Jha Saurabh, the director and head of media partnerships.

Meta Founder and CEO Mark Zuckerberg said in March that the company will cut 10,000 jobs across two rounds of layoffs in late April and late May.

In a Facebook post, Zuckerberg said 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" in the company's "year of efficiency".

Meta layoffs since November 2022

Meta already eliminated 11,000 roles in November last year. In total, about 21,000 people have lost their jobs at the social network across departments.

The tech giant cut around 4,000 of the planned 10,000 positions last month, leaving nearly 6,000 positions potentially on the chopping block.

According to reports, in April, Meta almost wiped out its team dedicated to combating misinformation.

At the end of 2022, Meta had around 86,000 employees.

Meta pauses hiring

Meta is also no longer listing new remote positions, as managers have reportedly been forbidden from posting new listings with a remote-work option.

Zuckerberg has said that after restructuring, Meta plans to lift hiring and transfer freezes in each group.

With inputs from Agencies

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