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Meta Plans A New Round of Layoffs as Financial Goals Come into Play

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On March 7, according to people familiar with the matter, Meta is planning a new round of layoffs, with thousands of layoffs as early as this week. In the last…

Meta Plans A New Round of Layoffs as Financial Goals Come into Play

On March 7, according to people familiar with the matter, Meta is planning a new round of layoffs, with thousands of layoffs as early as this week. In the last round of layoffs with a proportion of up to 13%, Meta cut 11000 employees, which is the company’s first large-scale layoffs. The source also said that the upcoming round of layoffs was driven by its financial goals. Meta has seen the slowdown in advertising revenue and shifted its focus to a virtual reality platform called “Meta Universe”. The company has been asking directors and vice presidents to list employees who can be dismissed.

Meta will conduct a new round of layoffs after 13% layoffs last November

Interpretation of the news:


Meta, formerly known as Facebook, has a new round of layoffs planned, with the possibility of thousands of employees losing their jobs as early as this week. This is the second time the company has cut employees, the first one being in 2021 where it cut 13% of its workforce which meant 11,000 employees lost their jobs. The company has cited financial goals as the driving force behind this round of layoffs.

It is no secret that Meta has been facing a slowdown in advertising revenue, and this has caused the company to shift its focus to a virtual reality platform called “Meta Universe”. This new focus has been made in the hopes of generating new streams of revenue, but it appears that it has still fallen short of expectations.

The fact that the company is asking directors and vice presidents to list employees who can be dismissed is a sign that the layoffs will be targeted and strategic, and not a broad stroke across the board. This process will likely make it easier for Meta to achieve its financial goals, but it will undoubtedly cause hardship to those who will be losing their jobs.

This news is concerning as it comes at a time when the COVID-19 pandemic has already caused significant job losses across the world. This will only add to the challenges faced by workers and the economy. It is important to note that Meta is not the only company facing financial challenges, but the fact that this is happening so soon after the last round of layoffs suggests that the company is struggling to find its footing in a rapidly changing market.

In conclusion, Meta’s decision to go ahead with a new round of layoffs to meet financial goals is both disappointing and inevitable. It is likely that the company will continue to explore new revenue streams like “Meta Universe” to boost earnings, but this will take time. The impact of these layoffs will be felt by those who are affected, and it will be interesting to see how the markets respond to this news.

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