'This will be tough': Facebook parent Meta slashes another 10,000 jobs

The layoffs will affect Meta’s recruiting, tech and business divisions.

NEW YORK — Facebook parent Meta is slashing another 10,000 jobs and will not fill 5,000 open positions as the social media pioneer cuts costs.

The company announced 11,000 job cuts in November, about 13% of its workforce at the time.

Meta and other tech companies have been hiring aggressively for at least two years and in recent months have begun to let some of those workers go.

Early last month, Meta posted falling profits and its third consecutive quarter of declining revenue.

The company said Tuesday it will reduce the size of

→ Continue reading at KGW TV

Related articles

Comments

Share article

Latest articles