Meta Announces Another , Round of Layoffs.<br />'The New York Times' reports that <br />Meta has announced a planned layoff <br />of about 10,000 employees. .<br />The decision by the owner of Facebook and <br />Instagram will cut its workforce by about 13%.<br />The layoffs come as part of <br />what the company's founder, , Mark Zuckerberg, has called a , "year of efficiency.".<br />In a memo posted on the company's <br />website, Zuckerberg said the layoffs will <br />first impact Meta's recruiting team this week. .<br />In April and May, a further round <br />of layoffs are expected as the company <br />restructures its tech and business groups.<br />According to Zuckerberg, the plan is to streamline <br />the company by removing layers of management <br />and rebalancing product teams, among other changes.<br />According to Zuckerberg, the plan is to streamline <br />the company by removing layers of management <br />and rebalancing product teams, among other changes.<br />The announcement comes just <br />months after Meta laid off over <br />11,000 employees in November.<br />This initial round of layoffs <br />also largely impacted the company's <br />business and recruiting divisions.<br />That cut, like the one <br />announced this week, reduced <br />Meta's workforce by about 13%.<br />That cut, like the one <br />announced this week, reduced <br />Meta's workforce by about 13%.<br />'NYT' reports that last year marked the end of <br />Meta's unchecked growth as the global economy <br />and digital advertising markets contracted
