Meta is no stranger to layoffs, and the newest development simply continues a trend of workforce reductions seen over the past two years. Two years ago, the social media giant axed 11,000 people (which amounted to 13% of its workforce). Later last year, it gave job cuts to nearly 10,000 employees (as well as withdrawing 5,000 unfilled positions) as part of Mark Zuckerberg’s “year of efficiency.”
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