Meta Eliminates Over 11,000 Jobs, Marking First Layoffs in Its 18-Year History

The company is also reducing its real estate footprint, implementing desk sharing for people who spend more time outside of the office

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The significant layoffs that Meta CEO Mark Zuckerberg warned of during the company’s third-quarter-2022 earnings call in October have arrived, and it’s not pretty.

Zuckerberg said in a note to employees early Wednesday, shared in the Meta newsroom, that more than 11,000 of its 87,000-plus employees were laid off, marking the first headcount reductions in the company’s 18-year history as Facebook and Meta.

He said the cuts are occurring across both Meta’s family of applications and Meta Reality Labs, but some teams will be affected more than others, singling out recruiting, as the company plans fewer hires in 2023.

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