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Meta CEO Mark Zuckerberg warned of workforce cuts during the company’s third-quarter-2022 earnings call last month, and those cuts may be arriving as soon as Wednesday.
Jeff Horwitz and Salvador Rodriguez of The Wall Street Journal reported Sunday that the impending layoffs may impact many thousands of the company’s work force of more than 87,000, adding that Meta employees were ordered to cancel any nonessential travel beginning this week.
The moves would mark the first broad reduction in headcount in the company’s history and will likely top last week’s layoffs at Twitter in total number, but not in percentage, as reports indicate that one-half of the latter’s workforce was impacted.
Meta declined comment other than referring to Zuckerberg’s comments during last month’s earnings call, when he said in his opening remarks, “In 2023, we’re going to focus our investments on a small number of high-priority growth areas.
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