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Zuckerberg said most of the removals would be announced in April and May next year.
These job cuts, widely anticipated, are part of a restructuring which aims to abandon plans to hire 5,000 positions and eliminate less priority projects.
Last November, Meta cut more than 11,000 jobs, or 13% of its workforce, even though the company had doubled the number of its employees in 2023.
In a message to staff, Chief Executive Mark Zuckerberg said most cuts would be announced in April and May, but in some cases they would continue through the end of next year.
“For most of our history, we have experienced rapid revenue growth year over year and had the resources to invest in many new products. But last year was humbling,” wrote Mark Zuckerberg.
“I think we should prepare for the possibility that this new economic reality will continue for many years.”
The move could ease investor fears as revenue growth at Meta’s core businesses has slowed due to high inflation and a decline in digital ads following the e-commerce boom during the COVID pandemic. -19.
Concerns about an economic slowdown linked to rising interest rates have also triggered a series of massive job cuts at U.S. companies: from Wall Street banks such as Goldman Sachs and Morgan Stanley to big tech companies like Amazon. com and Microsoft.
The technology industry has laid off nearly 290,000 people since the start of 2022, including around 40% this year, according to the layoffs tracking site layoffs.fyi.
