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Al Mayadeen's correspondent: Two were martyred in an initial toll of the Israeli drone strike that targeted the al-Asira neighborhood in the city of Baalbek, eastern Lebanon
Al Mayadeen's correspondent: An Israeli drone strike targeted the al-Asira neighborhood east of Baalbek, eastern Lebanon
Sheikh Naim Qassem to the pager attack survivors: You are the greatest resistance. Know that 'Israel' will fall because it embodies aggression, crime, and occupation; victory is truly yours
Sheikh Qassem to the pager attack survivors: The value of what you are doing despite your wounds is immense, and here you are, treading the path of the Master of Nation's Martyrs and the leaders
Sheikh Qassem to the pager attack survivors: You are moving forward with insight deeper than sight itself. The enemy sought to eliminate your role in the battle, yet you remain steadfast and continue the fight
Hezbollah Secretary-General Sheikh Naim Qassem to the pager attack survivors one year later: You are healing from your wounds and rising above them. You have successfully passed the test
Palestinian media: Reports of stabbing operation in occupied al-Quds.
Israeli media: Sirens blare in Arava in South, near Ramon Airport.
Egyptian PM Mostafa Madbouli: Egypt is targeted in plans to redraw regional map
AEOI Chief Mohammad Eslami: Our presence in IAEA General Council and fact-checking helped in preventing unilateral rhetoric that aims to portray Iran as an unregulated country

Meta to close 5,000 jobs, fire 10,000 workers in 'year of efficiency'

  • By Al Mayadeen English
  • Source: Agencies
  • 15 Mar 2023 10:37
2 Min Read

In a blog post, co-founder and CEO Mark Zuckerberg confirms that the plans are meant to move lower-priority projects out of the way and reduce the rates of people hired.

  • x
  • Meta to close 5,000 jobs, fire 10,000 workers in 'year of efficiency'
    Meta CEO Mark Zuckerberg appears during a virtual event on Oct. 28, 2021 (AP)

In a second round of layoffs, Meta announced on Tuesday its plans to cut down on 10,000 jobs and remove 5,000 open positions. 

In a blog post, co-founder of the Facebook parent company and CEO Mark Zuckerberg confirmed that the plans are meant to move lower-priority projects out of the way and reduce the rates of people hired.

"With less hiring, I’ve made the difficult decision to further reduce the size of our recruiting team,” he said. “We expect to announce restructurings and layoffs in our tech groups in late April, and then our business groups in late May. In a small number of cases, it may take through the end of the year to complete these changes.”

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Zuckerberg called 2023 the year of "efficiency," as he believes that the changes mean "a leaner, more technical company" and added, "In our Year of Efficiency, we will make our organization flatter by removing multiple layers of management."

The changes come following 11,000 positions already culled by the company in November 2022 - cutting the workforce by almost 13%. Similar waves of job cuts were witnessed across big tech companies, such as Amazon, Google, and Microsoft.

Read more: Google cuts 12,000 jobs amid nationwide tech layoffs

As for its shares, last year's issues lowered the company's share prices by two-thirds. The stock later on recovered in 2023. Meta's share prices went up by almost 6% after it announced the latest job cuts. 

  • Facebook
  • Mark Zuckerberg
  • US
  • Meta

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