In a move aimed at streamlining operations and improving efficiency, Meta Platforms Inc. is preparing to cut around 4,000 jobs, adding to the tech giant’s ongoing restructuring efforts.
The latest round of layoffs comes after Meta’s previous job cuts, which saw 11,000 employees let go in November 2022 and another 10,000 in March 2023.
The company’s CEO, Mark Zuckerberg, has emphasized the need for Meta to become “stronger and more nimble” in the face of economic uncertainty.
While the exact details of the layoffs are not yet clear, sources suggest that the job cuts will affect various departments across the company. African employees, along with their global counterparts, are facing uncertainty as the company undergoes this significant restructuring.
Meta’s efforts to adapt to changing market conditions have been ongoing, with a focus on reducing costs, improving operational efficiency, and investing in strategic areas such as artificial intelligence and virtual reality.
The job cuts are expected to be announced in the coming weeks, although the exact timeline is not yet confirmed. The company remains committed to its mission of giving people the power to build community and bring the world closer together, even with this challenging period.