Zuckerberg’s Meta Preparing To Ax 10K Jobs

Looks like the big chop is coming at Meta!

NEW YORK, NY - OCTOBER 25: Facebook CEO Mark Zuckerberg speaks about the new Facebook News feature at the Paley Center For Media on October 25, 2019 in New York City. Facebook News, which will appear in a new dedicated section on the Facebook app, will offer stories from a mix of publications, including The New York Times, The Wall Street Journal and The Washington Post, as well as other digital-only outlets.(Photo by Drew Angerer/Getty Images)
  • Meta told its North America-based employees to work from home Wednesday as it geared up for a second round of layoffs that will immediately cut 4,000 jobs — part of a plan to eventually cull 10,000 jobs.
  • Facebook’s parent company told managers that announcements on the layoffs — part of CEO Mark Zuckerberg’s plan to make the platform more efficient — would be made as soon as Wednesday, according to Bloomberg.
  • The cuts will affect Facebook, as well as Instagram, WhatsApp, and the Reality Labs virtual reality division, according to the report.