The parent company of Facebook will once again reduce the number of employees by another 10,000 jobs

Mark Zuckerberg has already disclosed the second round of mass layoffs undertaken by Meta, the parent company of Facebook, Instagram and Whatsapp. Another 10,000 jobs will be eliminated just four months after announcing 11,000 jobs last November when the world’s largest social media company laid off the equivalent of 13% of its staff, then more than 87,000 employees. It’s about technology company the largest to make a hiring decision of this magnitude.

According to its president, with these measures, “we hope reduce the size of our team in about 10,000 people and close about 5,000 additional vacancies that we have not yet filled,” Zuckerberg said in a message sent to the company’s staff, according to several international agencies.

The company is awaiting an announcement restructuring and layoffs in technological groups at the end April and in business groups at the end of May, according to the public announcement.

As reported by Reuters, the layoffs are part of a broader restructuring undertaken at Meta that will restructure the company shrink your organizational structure, cancel lower priority projects and lower rental rates as part of the relocation. She made the news Target actions they rose 2% in premarket trading.

The move underscores Zuckerberg’s push to make 2023 the so-called “Year of Efficiency” while cutting costs by about $5 billion. As part of this plan, the company is focusing on returning to a “more optimal ratio of engineers to other roles,” Zuckerberg said. The company will invest in tools such as artificial intelligence to help engineers be more efficient for longer.

The technology industry has fired more than 280,000 workers from the beginning of 2022and roughly 40% of them will arrive this year, according to consultants tracking the progress of these measures.