Meta Continues Layoffs, Targeting Business Groups and Irish Workforce.

1 min read
Source: The Guardian
Meta Continues Layoffs, Targeting Business Groups and Irish Workforce.
Photo: The Guardian
TL;DR Summary

Meta has begun the final round of mass layoffs as part of its plan to eliminate 10,000 roles, with several employees announcing their layoffs on LinkedIn. The cuts have hit non-engineering roles most heavily, with about 4,000 employees losing their jobs in April. The latest cuts are likely to impact about 490 employees at Meta's international headquarters in Dublin. The company's focus on cost-cutting and artificial intelligence has helped its shares more than double in value this year, despite months of waning revenue growth and a digital ad pullback.

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