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Report: Social media giant plans thousands more layoffs

Facebook headquarters in Menlo Park, Calif. on Feb. 8, 2012. | Paul Sakuma/AP Photo

Just months after predicting no more layoffs, Meta now plans a major reorganization that aims to “flatten” the organization, according to The Washington Post. Other cuts are expected to affect jobs tied to specific projects and divisions. 

Meta declined to comment on the report, pointing to CEO Mark Zuckerberg’s Feb. 1 public statement about the company’s progress and future plans. 

“Our management theme for 2023 is the ‘Year of Efficiency’ and we’re focused on becoming a stronger and more nimble organization,” wrote Zuckerberg. “We closed last year with some difficult layoffs and restructuring some teams. When we did this, I said clearly that this was the beginning of our focus on efficiency and not the end.”

The report said the cuts would roll out in the next few months. 

In the past year, more than 43,000 jobs have been lost in SF, including scores of recruiting positions eliminated at LinkedIn this week.

The news comes after Meta cut 13% of its workforce in November, a big move described as a strategy to help prevent further layoffs. The 11,000 jobs lost ranked the reduction as the second-largest tech layoff of last year.

This year’s cuts will undoubtedly hit Silicon Valley hard. Because it is headquartered in Menlo Park, Meta’s November staff reduction resulted in the largest loss of jobs from any tech company in the valley in the past year.

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