Facebook’s Owner, Meta, Cuts Jobs Across Business and Operations Units

Meta Platforms Inc, the parent company of social media giant Facebook, has implemented the last batch of a three-part cost-cutting plan that aims to eliminate more than 21,000 jobs from the company. As part of this plan, Meta has started laying off employees across its business and operations units, marking the third round of layoffs.

Reasons Behind the Layoffs

The job cuts come as part of Meta’s efforts to restructure and streamline its business operations. In a statement, a Meta spokesperson cited the company’s goal to “focus on key initiatives,” which includes developing a “metaverse” platform that integrates virtual and augmented reality technologies. The spokesperson added that Meta plans to hire for roles that are “critical” to these initiatives, and that the company remains committed to supporting its employees through the transition.

Impact on Meta Employees and the Tech Industry

The layoffs are expected to impact a wide range of employees from various functions, including marketing, engineering, and sales. Although Meta has offered severance packages, support for job searches, and other resources for affected employees, the news has sparked concern and uncertainty among the broader tech industry.

Hot Take: Meta’s Potential to Shift the Future of Social Media

Meta’s focus on creating a “metaverse” platform and investing in virtual and augmented reality technologies reflects the company’s efforts to stay ahead of the curve in the fast-changing tech industry. While the layoffs are undoubtedly a difficult move, it’s worth watching how Meta’s new initiatives will shape the future of social media and digital experiences. Who knows, we might all be living in the metaverse sooner than we think.

Original article:https://trends.google.com/trends/trendingsearches/daily?geo=US#Meta%20layoffs