Meta, the umbrella company of Facebook, Instagram and WhatsApp, announced that they would lay off 11,000 people in November last year. After a few months, we left behind another job that will affect 10,000 people in March.
READING NOW Employee slaughter on Meta! Thousands more laid off
‘Productivity year’ continues with layoffs
In a memo for the company sent to Meta employees on Tuesday and viewed by Vox, it was said that the layoffs will begin Wednesday, aka today, and will affect a wide range of technical teams, including those working at Facebook, Instagram, Reality Labs and WhatsApp. A Meta spokesperson confirmed that the memo was sent to employees, while the layoffs will amount to 4,000 people, according to sources.
According to rumors, the layoffs will affect employees at Facebook and Reality Labs, the unit dedicated to augmented and virtual reality experiences. Meta continues to make losses despite pouring billions of dollars into social VR platform Horizon Worlds. Horizon Worlds only had around 200,000 monthly active users at the end of last year, which is very low.
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