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Meta went from a trillion-dollar firm to laying off 11,000 employees. ... In 2021, Meta spent $10 billion on its Reality Labs division, which builds out the firm’s metaverse hardware and ...
Meta, which had 70,799 full-time employees at the end of its most recently reported quarter, cut tens of thousands of employees over the course of 2022 and 2023 in the wake of the pandemic.
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After shedding workers in sweeping layoffs in late 2022 and early 2023, many tech companies are taking a more methodical, department-by-department approach to making cuts.
The cuts brought the company's headcount down to where it stood as of about mid-2021, following a hiring spree that doubled its workforce since 2020. ... Meta's layoffs followed months of waning ...
Notices will go out to employees losing their jobs starting at 5 a.m. local time Monday in most countries, including in the U.S., according to one of the posts, authored by Meta's Head of People ...
Meta's latest round of layoffs are part of an initiative that has been cheered by investors, ... This brings the total number of employees let go from the company since November 2022 to 21,000.
Yahoo Finance spoke to three Meta employees who lost their jobs this week.