Facebook’s parent Meta platform is planning additional layoffs to be announced in installments over the next few months, possibly matching last year’s 13% job cuts, the Wall Street Journal reports. on Friday cited people familiar with the matter.
meta laid off 11,000 employees four months ago and will be the first Big Tech company to announce a second wave of mass layoffs.
According to the report, the first round of cuts will be announced next week and are likely to hit non-technical roles hardest.
The company is also expected to shut down some of the projects and teams involved in these cuts, the report added.
Meta did not immediately respond to Reuters’ request for comment.
In other news, Meta Platforms said on Friday that it is exploring strategic alternatives for the customer service company. client which it acquired in a process that ended last year.
“We are currently exploring strategic alternatives to Kustomer and will continue to support Kustomer’s product and customer base throughout this process.” Facebook The owners said in an emailed statement to Reuters, without providing further details on alternatives.
The Wall Street Journal, which first reported on Friday, said Meta is planning to divest from Kustomer as it looks to refocus on its core business, citing the company and people familiar with the planned arrangement.
Kustomer sells CRM software for businesses to communicate with consumers by phone, email, text message, WhatsApp, Instagram and other channels. It has seen usage skyrocket during the COVID-19 pandemic.
Meta has made the decision to focus on its fastest-growing business messaging services, including a monetization opportunity for WhatsApp thanks to the company’s “efficient efforts,” the company said.
© Thomson Reuters 2023
