Introduction: In a recent development, Meta Platforms, the parent company of Facebook, has announced its decision to implement a second round of mass layoffs, eliminating a staggering 10,000 jobs. This move comes as the company aims to streamline its operations and reduce costs further. The layoff news follows a previous round in November last year, where Meta had already let go of 11,000 employees, constituting 13% of its global workforce. As the tech giant strives for greater efficiency and cost-effectiveness, CEO Mark Zuckerberg referred to 2023 as Meta’s “year of efficiency,” aiming to achieve $5 billion in expense reductions. The … Continue reading Meta, The Parent Company of Facebook, Terminates 10,000 More Workers In A New Round of Layoffs