On Wednesday, thousands more workers were fired at Meta as the company works towards its efficiency goals and aims to cut costs. In recent months, Meta has struggled with its earnings reports and market value, which has prompted these workforce reductions. The first major round of layoffs at the company occurred in November, and since then there has also been a hiring freeze. Meta claims that a leaner workforce will improve productivity and allow the organization to execute its priorities more efficiently.
See "Workforce reductions continue at Meta as the tech company lays off thousands more workers to reach its efficiency goals", Kari Paul, Guardian, April 19, 2023