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 Meta to lay off 10,000 workers (1) infographic
Graphic charts Meta staffing levels and redundancies in the tech sector.


Meta announces 10,000 more staff redundancies

By Ninian Carter

March 15, 2023 - Meta, the owner of Facebook and Instagram, is to lay off 10,000 employees in a fresh round of cost cutting measures.

Meta, the world’s largest social networking company is to eliminate 10,000 more jobs, on top of the 11,000 it let go in November 2022 – its first ever major lay-off.

Lately, the company, which owns Facebook and Instagram, has been offering redundancy packages to managers and cutting entire teams it deems nonessential.

Meta has seen a dramatic fall in advertising revenue while pouring billions of dollars into its metaverse project, which it is struggling to realise.

The latest phase of lay-offs are part of Meta’s 2023 “year of efficiency” drive.

PUBLISHED: 15/03/2023; STORY: Graphic News; PICTURES: Getty Images