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Fox Business
Fox Business
19 Apr 2023


Facebook parent company Meta started its latest round of layoffs on Wednesday as part of a previously announced effort to restructure the tech giant's workforce by downsizing about 10,000 employees in multiple rounds of layoffs.

Up to 4,000 workers may be affected by the latest round of layoffs according to reports.

The latest layoffs focus on Meta’s engineering staff and workers were notified that they were being let go in emails sent early on Wednesday. 

The Meta logo

Facebook parent company Meta is laying off about 4,000 workers this week as part of a broader restructuring effort that will involve cutting 10,000 employees from the workforce. (Angel Garcia/Bloomberg via Getty Images / Getty Images)

Meta CEO Mark Zuckerberg previously indicated that the company is also planning close an additional 5,000 additional open roles that haven’t been filled as part of the company’s effort to become leaner through its "Year of Efficiency" restructuring campaign.

This is a developing story and may be updated.

TickerSecurityLastChangeChange % METAMETA PLATFORMS INC.216.85-1.04-0.48%