Third round of Meta lay-offs imminent

Meta is set to lay off another 6,000 employees in its business departments in the latest round of mass cuts at the company


BOOM AND BUST: Meta global employee numbers and lay-offs

ROUND 1
Nov 2022: 11,000 staff laid off

Mar 2023:
Meta announces further 10,000 cuts in April and May

ROUND 2
Apr: First 4,000 of 10,000 lay-offs (tech division)

ROUND 3
May: Remaining 6,000 (business) positions axed

Lay-offs amount to 24.3% of global workforce

Nick Clegg
Meta president of global affairs

News outlet Vox obtained recording of recent Meta staff meeting chaired by Clegg, announcing May’s 6,000 redundancies


90,000 
80,000 
70,000 
60,000 
50,000 
40,000 
30,000 
20,000 
10,000
0	2014 15 16 17 18 19 20 21 22 Jan Feb Mar Apr May 
					2023
9,199 
12,691
17,048 
25,105
35,587 
44,942
58,604
71,970
75,482	Staff peak: 86, 482
75,482 
75,482 
75,482
71,482 
65,482                       
           

Sources: Vox, The Verge, Macrotrends 
Illustration source: Getty Images 
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