Meta’s brutal year of efficiency is only just getting started. After laying off around 11,000 employees in November, the company is resorting to even more firings and job cuts. The Facebook parent is terminating around 10,000 jobs and halting hiring for 5,000 open positions, CEO Mark Zuckerberg announced in a blog post Tuesday, in the latest tech sector push to lower costs and streamline operations.
Zuckerberg did not specify what areas of the company would be most affected by job reductions, although Meta’s recruiting team is one of the departments getting downsized, as slower hiring rates are likely to be a permanent reality at the company moving forward.
