International News

Meta CEO, Mark Zuckerberg, announces 10,000 job cuts globally

By David Monaghan
14 March 2023
facebook Franco Bouly

The announcement comes shortly after Meta, Facebook’s parent company, cut 11,000 jobs worldwide just four months ago

By David Monaghan, Deputy Editor, Business & Finance

In a post published today, 14th March, Meta CEO Mark Zuckerberg announced 10,000 job cuts across the company’s global operations.

In addition to the aforementioned cuts, 5,000 additional roles will be left unfilled.

“Overall, we expect to reduce our team size by around 10,000 people and to close around 5,000 additional open roles that we haven’t yet hired,” wrote Zuckerberg.

He continued: “This will be tough and there’s no way around that. It will mean saying goodbye to talented and passionate colleagues who have been part of our success. We will support people in the same ways we have before and treat everyone with the gratitude they deserve.”

This is part of what Zuckerberg calls ‘Year of Efficiency’. On the ethos of this venture, he writes: “That’s why in our Year of Efficiency, we are focused on cancelling projects that are duplicative or lower priority and making every organization as lean as possible.”

He also writes that job cuts “will be in service of both building a leaner, more technical company and improving our business performance to enable our long term vision.”

In a statement to Business & Finance in March, a Meta spokesperson emphasised that the company’s Irish base is still central to its future plans.

“As the location of our International Headquarters, our Ireland base is integral to the future of our company,” said the spokesperson.

“It remains home to a number of important company functions including infrastructure engineering, sales, finance, safety and security experts, the Reality Labs team in Cork and the Data Centre in Meath. We are looking forward to opening the third phase of our new campus in Ballsbridge this year.”

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