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Fortune
Fortune
Paige McGlauflin

Meta announced layoffs months in advance. Here’s why you should too

Mark Zuckerberg, chief executive officer of Meta Platforms Inc., arrives at federal court in San Jose, California, US, on Tuesday, Dec. 20, 2022. (Credit: David Paul Morris—Bloomberg/Getty Images)

As Meta embarks on its “year of efficiency,” the tech giant is taking a unique approach to its upcoming round of layoffs.

CEO Mark Zuckerberg shared a staff memo on Tuesday, announcing an impending restructuring that would flatten Meta’s orgs, cancel lower priority projects, and reduce hiring. The tech giant will also lay off 10,000 employees and close 5,000 open roles over the next several months, marking its second round of layoffs since November.

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