JAKARTA - Meta plans to cut 10 percent of its total workforce or the equivalent of 8,000 employees worldwide. This major reduction is scheduled to begin on May 20.
In addition to cutting off the work relationship, the technology giant also decided not to fill 6,000 positions that are currently vacant. This information was revealed through an internal memo sent to staff.
"We are doing this as part of our ongoing efforts to run the company more efficiently," said Meta's Chief Human Resources Officer, Janelle Gale, as quoted by Bloomberg on Friday, April 24.
He also added that companies must balance budgets to support large investments in other technology sectors. Meta acknowledges that releasing talent who have contributed greatly is not an easy decision for management.
The decision to lay off employees was taken at a time when Meta was facing financial burdens due to investments of tens of billions of dollars into the metaverse project. Now, the company's focus is shifting to artificial intelligence (AI).
Meta recently launched a new AI product called Muse Spark to compete with competitors. Given the sophistication of the product, this technology certainly requires a very large allocation of funds and resources.
Employees affected will receive more information about compensation packages and career transition support. To date, Meta is still struggling to adjust the organizational structure to the company's future vision.
This is also seen from the layoffs carried out by Meta in March. At that time, Meta reduced less than a thousand employees from the Sales, Recruiting, Reality Labs divisions, and two others. Meta also cut 600 positions from Superintelligence Labs.
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