Fears for Irish jobs as Meta announces fresh round lay-offs 10 months ago

Fears for Irish jobs as Meta announces fresh round lay-offs

The worrying trend of big-tech job cuts continues with Facebook's parent company.

Meta is set to commence companywide lay-offs on Wednesday in an attempt to restructure teams and work toward founder Mark Zuckerberg’s goal of greater efficiency.

Advertisement

The company currently employs roughly 3,000 people in Ireland, with 350 employees having lost their jobs at Meta during their previous round of job cuts last year.

Although these upcoming lay-offs reportedly only affect employees in North America, it has sparked fears that further cost-cutting measures could be implemented at its Irish offices in Grand Canal Dock.

Meta lay-offs Meta already laid off 350 employees in the last round of job cuts. (Credit: Rolling News)
Advertisement

Today, a document was shared amongst managers across Meta's various platforms such as Facebook, Instagram and WhatsApp, notifying them to prepare to announce a new wave of job cuts.

The move comes off the back of Mr. Zuckerberg's announcement in March that he intended to cut approximately 10,000 more jobs at Meta, with a further round of lay-offs expected to commence in May also.

Already letting go of over 13% of its global workforce last November, a total of just over 11,000 people, the company has also moved to extend its hiring freeze.

Owing to the emergence of new technologies coupled with pandemic-induced financial issues, Meta is aiming to restructure and rebalance its ratio of technologists and engineers to business and administrative staff.

Advertisement

Meta lay-offs Job cuts have been endured across the tech sector. (Credit: Getty Images)

In the document circulated to company managers, Meta will ask all North American employees who can work from home to do so on Wednesday, to have time to process the news.

Speaking to Bloomberg, a Meta spokesperson stated that "we expect to announce restructurings and lay-offs in our tech groups in late April, and then our business groups in late May".

Advertisement

Meta is not the only tech giant to undergo a series of staff lay-offs in recent times though, with Amazon, Google and Microsoft all laying off thousands of staff within the previous year.

Related Articles: