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Meta is laying off another 10​,​000 employees

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It's the technology company's second cut since November. CEO Mark Zuckerberg has declared 2023 to be the year of efficiency.

Facebook and Instagram owner Meta announced Tuesday that it plans to lay off about 10,000 employees, about 13% of its workforce.

Job cuts will affect Meta's hiring team this week due to reorganizations of its technology and business groups scheduled for April and his May, Zuckerberg said on the company's website. Said in a posted note. The announcement is his second layoff the company has made in the past six months. In November, Meta laid off more than 11,000 of his employees, or about 13% of the workforce at the time.

Meta also plans to close about 5,000 vacancies, Zuckerberg said in a memo. Other restructuring efforts include plans to complete an analysis of Meta's hybrid return-to-office model, which was tested last March, this summer.

"It's going to be hard and you can't get around it," he wrote.

Meta's share price rose more than 6% after the job cuts were announced.

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released March 14, 2023

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