London Daily

Focus on the big picture.
Tuesday, May 13, 2025

Facebook and Instagram owner Meta to lay off another 10,000 staff

Facebook and Instagram owner Meta to lay off another 10,000 staff

Meta is the latest large firm to wield the axe as it tries to ride out a worldwide economic downturn. The latest job cuts announcement comes just four months after the firm cut its global headcount by more than 11,000 employees.
Meta, the owner of Facebook and Instagram, is axing another 10,000 jobs to cut costs.

The company said on Tuesday it will reduce the size of its recruiting team and make further cuts in its tech groups in late April, and then its business groups in late May.

"We expect to reduce our team size by around 10,000 people and to close around 5,000 additional open roles that we haven't yet hired," said CEO Mark Zuckerberg.

"This will be tough and there's no way around that.

"It will mean saying goodbye to talented and passionate colleagues who have been part of our success."

It comes just four months after Meta - which is investing billions of dollars to build the futuristic metaverse - cut its global headcount by more than 11,000 employees.

It is one of several big companies to wield the axe to rein in costs in an attempt to ride out a worldwide economic downturn.

Rapid interest rate hikes and weak consumer demand have forced firms such as Amazon, Twitter and Microsoft to trim their workforces.

The latest job cuts at Meta are part of a wider shake-up at the tech firm that will see the company cancel lower priority projects, reduce its hiring rates and flatten layers of middle management.

Meta shares jumped 6% on the news.

Mr Zuckerberg has pledged to turn 2023 into the "year of efficiency" with promised cost cuts of $5bn in expenses to between $89bn and $95bn.

"I think we should prepare ourselves for the possibility that this new economic reality will continue for many years," he said in a message to staff on Tuesday.

The tech industry has laid off more than 280,000 workers since the start of 2022, with about 40% of them coming this year, according to tracking site layoffs.fyi.
Comments

Oh ya 2 year ago
Ya people are losing interest in this crap. Hard to believe anyone is still using Facebook

Newsletter

Related Articles

0:00
0:00
Close
Poland Tightens Immigration Policy with New Plan to Suspend Asylum Law
Trump says it would be 'stupid' not to accept gift of Qatari plane
8-Year-Old Orders 70,000 Lollipops Using Mother’s Phone, Prompting $4,200 Amazon Bill and Viral Facebook Plea
Quantum Computing Threatens Bitcoin Security
American citizens account for 70% of worldwide pharmaceutical sales despite comprising only 4% of global population
New Details Emerge on Syrian Attacker's Motives in German Festival Stabbing
UK Introduces New Immigration Policy to Reduce Net Migration
Brazil’s President Aims to Strengthen Ties with China Amid US Trade Tensions
Senate Democrats Move to Censure Trump Over Qatar Jet Gift
First White South Africans Resettled in the U.S. Amid Controversy Over Persecution Claims
Hamas Releases Last Living US Hostage from Gaza Amid Ongoing Conflict
India and Pakistan Agreement on Ceasefire Amid Ongoing Tensions
Arsenal Stages Comeback to Draw 2-2 Against Liverpool in Premier League Clash
Trump's Upcoming Visit to Gulf Nations: Investment and Security at the Forefront
Rodrigo Duterte Awaits Trial at The Hague. Next week he might be elected mayor of his hometown
Trump fires director of U.S. Copyright Office, sources say
Retired British police officer arrested over ‘thought crime’ tweet
Cardinal Robert Prevost Elected as Pope Leo XIV, Marking a Historic Papacy
Newark Mayor Ras Baraka Arrested at ICE Facility Amid Congressional Visit
India-Pakistan conflict may be first test for Chinese military tech
Bill Gates Announces Plan to Wind Down Philanthropic Foundation and Disperse Wealth
Historic Papal Conclave Set to Commence in Rome
Huge Copper, Gold, and Silver Discovery in Argentina and Chile — But the Profits Go Abroad
Prince Harry is pleading for reconciliation — but the royals are just as sick of his victimhood as everyone else
The Road to Freedom: She Protested Putin, Escaped House Arrest, and Survived a 2,800-Kilometer Journey
OpenAI's Flip-Flop: No Longer Going Commercial, Back to Nonprofit, After Musk Lawsuit and Backlash
“Trump Supporter” Aims to Bring a MAGA-Style Shift to Romania
First From China: Zhao Xintong Wins the Snooker World Championship
Nvidia Faces Billion-Dollar Losses – Warns: China Is on Its Way to Becoming an AI Superpower
Trump Rules Out Third Term, Names JD Vance and Marco Rubio as Potential Successors
Mexico Says ‘No’ to U.S. Troops: President Sheinbaum Rejects Trump’s Offer to Fight Cartels
Nigel Farage’s Reform UK Storms the Map, Wrecking the Two-Party Monopoly
DOGE: Reimagining Government Operations with AI
Common Sense Returns to Britain's Legal System: UK Supreme Court Declares a Woman Is… a Woman
Beijing Says U.S. Is ‘Reaching Out’ for Tariff Talks Amid Soaring Trade Tensions
U.K. Court Rejects Prince Harry’s Final Appeal Over Police Security
Prince Harry’s Heartfelt Outburst Rocks the Royal Family
Trump Shares AI-Generated Image of Himself as… Pope, Prompting Outrage Reaction
Transgender Swimmer Secures Five Gold Medals at U.S. Masters Championship
Prince Harry: “I Want Reconciliation with My Family”
Germany's Alternative für Deutschland (AfD) party has now been officially labeled “right-wing extremist” by the federal office for the so-called “protection of the constitution.”
Amazon Launches Satellite Internet Service Amidst Competition with SpaceX
Transformative Changes in Women's Wrestling: The Rise of WWE Superstars
The Rush to the White Gold: Global Investment Surge in Natural Hydrogen Exploration
This is a day in Spain without electricity and internet
Reform UK Surprises in British Elections, Challenging Traditional Two-Party System
180-Year-Old Christian University in South Carolina Announces Closure Due to Unmet $6 Million Fundraising Goal
Brazilian Woman Jailed for Fourteen Years for Writing “You Lost, Idiot” on Statue During Protest
Trump Administration Removes National Security Adviser Mike Waltz Amid Signal Chat Controversy
Dutch Politician Eva Vlaardingerbroek Receives Spyware Threat Alert from Apple
×