Facebook Meta Layoffs 2024. We made the decision to remove access to most meta systems for people leaving today given the amount of access to sensitive information. Mark zuckerberg lost $16 billion on the metaverse last year, but meta investors are elated because job cuts and office closures led to huge profits.
Meta initiates new layoffs affecting whatsapp, instagram, and reality labs teams amid internal reorganization. Meta, the owner of facebook and instagram, said on tuesday that it planned to lay off about 10,000 employees, or roughly 13 percent of its work force, the latest move to hew.