Mark Zuckerberg confirmed on Wednesday that it will lay off 13% of its workforce, which is about 11,000 globally. He wrote a letter to Meta employees detailing the layoff process beginning Wednesday.
"Today I'm sharing some of the most difficult changes I've made in the history of Meta. I've decided to reduce the size of my team by about 13% and lay off our more than 11,000 talented employees. We're in a blog post Mark Zuckerberg said it has taken several additional steps to become a leaner and more efficient company by cutting discretionary spending and extending our hiring freeze through Q1.
“We’re also extending our hiring freeze through Q1 with a few exceptions. I’m going to look at our business performance, operational efficiency and other macroeconomic factors to determine if we need to restart hiring at that point.” Need to start over.” This will give us the ability to control our cost structure in the event of a continuing economic slowdown. It will also put us on the path to achieving a more efficient cost structure than what has been recently outlined by investors.
I am currently in the middle of a thorough review of my infrastructure spending. As we build out our AI infrastructure, we are focused on becoming even more efficient with our potential. Our infrastructure will continue to be a significant advantage for Meta, and I believe we can achieve this while spending less. Basically, we're making all these changes for two reasons: Our revenue outlook is lower than we expected at the start of this year, and we want to make sure we're working efficiently in both Family of Apps and Reality Labs.