Shulou(Shulou.com)11/24 Report--

Thank you, Mr. Air, a netizen of CTOnews.com, for your clue delivery! Beijing time on the morning of March 7, it is reported that Facebook and Instagram parent company Meta are planning a new round of layoffs, which will lay off several thousand employees as soon as this week, according to people familiar with the matter.

Last November, the world's largest social media company made a round of layoffs, accounting for 13% of its total workforce. On this basis, the company will carry out a new round of layoffs to improve the efficiency of the enterprise. In the last round of layoffs, Meta laid off 11000 employees, the first large-scale layoffs in the company's history.

It was reported in February that the company had been trying to flatten its organisation, offering buyouts to managers and cutting the entire team it deems unnecessary, a move that could affect thousands of employees.

The upcoming round of layoffs is driven by financial goals and has nothing to do with the goal of "flattening", according to people familiar with the matter. Meta's advertising revenue has slowed and has shifted its focus to meta-universe's virtual reality platform, these people said, and the company has been asking directors and vice presidents to make lists of employees to fire. A spokesman for Meta declined to comment on the plans on Monday.

This phase of layoffs could be completed next week, according to people familiar with the matter. One person said the planner wanted to be ready before Mark Zuckerberg, chief executive, took parental leave for his third child, so the plan was urgent.

The layoffs in November last year came as a surprise to many, but many employees had expected another round of layoffs at Meta. Zuckerberg called 2023 the "year of efficiency" for Meta, a theme the company has been communicating to employees in its performance review completed last week, according to people familiar with the matter.

Employees at Meta, based in Menlo Park, Calif., say there has been increased anxiety and low morale among colleagues recently. Some employees have expressed concern about whether they will receive the bonuses scheduled for this month if they lose their jobs early, these people said.

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