META LAYOFFS: As per newly surfaced reports, Meta is planning to cut up to 350 jobs in Ireland, slashing about 20 percent of its workforce there. That’s a bigger hit than people first expected; original estimates pointed to a 10 percent reduction, or around 180 jobs. While Meta hasn’t confirmed details, sources say the company will stick to Irish laws and government guidelines on redundancies. The Department of Enterprise, Tourism and Employment has already been told about the layoffs.
Why is Meta laying off thousands of people?
These cuts are part of Meta’s latest round of global job losses, affecting thousands of roles worldwide. The company, who owns Facebook, Instagram, and WhatsApp, started informing their workers about the layoffs earlier today, kicking things off in Singapore at 4 a.m. local time. Staff in Europe and the US are hearing now as their workdays begin.
This entire push means Meta is trimming around 10 percent of its global workforce, or roughly 8,000 jobs. They’re doing this to try to balance out the huge amount of money they’ve been pouring into artificial intelligence and to make the company run more efficiently.
Meta’s workforce in Ireland has already shrunk by around 40 percent since the high point after the pandemic, dropping from about 3,000 people to 1,800. The cuts span across multiple sites, including their international headquarters in Dublin, a data center in County Meath, and Reality Labs in Cork, as reported by The Irish Times.
Meta’s previous job cuts
The present job cut represents the largest job loss for Meta since the company adopted a “year of efficiency approach,” which involved a company restructuring plan and job cuts across Meta globally.
This job reduction led to the company cutting close to 350 jobs in Meta Ireland, while another round of 500 job cuts was announced by May 2023. In the last year, the company made some job cuts in its Irish operations under a performance-related job reduction program that the company estimated would reduce its total workforce by 5 per cent.
Meta layoffs in Singapore with 4 am mails
Meta Platforms, the mother company of Facebook and Instagram, has begun to inform its workers around the globe of their redundancy in their jobs. Meta announced in December 2022 that it would cut down its workforce by nearly 8,000 workers as part of a restructuring process designed to enhance productivity through AI automation processes. Meta has informed its employees through an email sent at 4 am in the morning, starting from Singapore, one of the company’s Asian bases.
With 13 years on the line, Ashish Kumar Singh loves everything when it comes to movies, music, travel and pop culture. Formerly employed at ANI, Pinkvilla, India Today and HT, Ashish has interviewed some of the top celebrities of India, including Shah Rukh Khan, Aamir Khan, Ranveer Singh, Ranbir Kapoor and Hrithik Roshan, among others. Breaking news excites him and deadlines are what he chases. Interviewing comes naturally to him. Hit him up at ashish.kumar02singh@gmail.com.
