By Mike Isaac from NYT Technology https://ift.tt/WNJep5K
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Meta, the parent company of Facebook, has announced that it will be laying off another 10,000 workers in the coming months. The news was first reported by Mike Isaac of The New York Times, who has been following the company closely in recent years.
This latest round of layoffs is part of a broader effort by Meta to restructure its business and refocus on its core products and services. The company has been under increasing pressure in recent years due to a variety of factors, including increased competition from other tech giants, growing concerns over user privacy and security, and ongoing regulatory scrutiny.
In a statement released to the press, Meta CEO Mark Zuckerberg acknowledged the challenges facing the company and the difficult decision to lay off so many employees. "We know that this is a tough time for our employees and their families, and we are committed to doing everything we can to support them during this transition," he said.
The layoffs will primarily affect Meta's non-technical staff, including those working in areas such as marketing, sales, and administration. The company has already begun notifying affected employees and will be offering them severance packages and other forms of support to help them find new jobs.
Despite the challenges facing the company, Meta remains one of the most powerful and influential tech companies in the world, with billions of users across its various platforms and services. The company has also been investing heavily in new areas such as virtual and augmented reality, which it sees as key growth opportunities in the years to come.
As the tech industry continues to evolve and new challenges arise, it remains to be seen how Meta and other companies will adapt and succeed in the years ahead. However, with its vast resources and talented workforce, Meta is likely to remain a major player in the industry for many years to come.