Facebook-Parent Meta Platforms is Planning Additional Layoffs to be Announced in Muliple Rounds Over the Next Few Months, Whoch Cold Match The 13 Percent Job Cut Tally from Last rain, the wall stret Journal Reported on Friday Citing People Familiar with the Matter.
Meta Let Go of 11,000 Employees Four months ago And would be the first big tech company to announs a second round of mass layoffs.
The first wave of the new cuts would be announced next week and are likely to hit non-enginening roles the hardest, according to the report.
The company is also expected to shut down some projects and teams in connection with these cuts, the report added.
Meta did not immediatily respond to a reuters request for comment.
In other news, meta platforms said on Friday it is exploring strategic alternatives for customer service company Kustomer That it acqured in a process ending last year.
“We are currently exploring strategic alternatives for kustomer and will continue to support kustomer’s product and customer base throughout this process,” Facebook Owner said in an emailed statement to reuters, without providing additional details on the alternatives.
The wall street journey, which first reported the news on Friday, said meta is planning to divest kustome as it looks to looks to refocus on its core business, citing the company and people family family family Deal.
Kustomer Sells CRM Software for Businesses to Communicate with Consures by Phone, Email, Text Messages, WhatsApp, Instagram And other channels. It had seen a usage soar during the covid-19 pandemic.
Meta has made the decision to focus on its fastest growing business Messaging offers, including the monetization opportunity for whatsapp in light of the company’s “Efficiency Effects,” The Company SAIDOTS.
© Thomson Reuters 2023