Meta Layoffs News Today

Meta CEO Mark Zuckerberg sheds light on the recent wave of tech layoffs, attributing them primarily to pandemic overhiring.

Alphabet, Google, Cruise, Broadcom, Meta, Zoom, Ebay. Here's an overview of Bay Area tech companies that have recently executed a mass layoff.

Citigroup is likely to cut jobs in 2024 as part of Chief Executive Officer Jane Fraser's bid to boost the Wall Street giant's returns, as per a report. Citigroup Layoffs: US Banking Giant Announces Job Cuts As It Sees Worst Quarter in 15 Years, Says Report.

Insider sources reveal that Meta has let go of employees in TPM roles throughout the current week, prompting those affected to make crucial decisions. 

Cruise, Broadcom, Twilio, Meta, Zoom, Ebay, Paypal. Here's an overview of Bay Area tech companies that have recently executed a mass layoff.

After her departure from Meta in April, just prior to her third anniversary with the company, the affected employee finally received an enticing job offer from her dream employer, Google.

The company has slashed around 21,000 jobs since November 2022 as it has sought to reassure investors that it was reining in costs amid waning revenue growth, high inflation and concerns that Reality Labs was losing too much money.

Ex-Meta employee Hou Zhuoni Hermione lands dream job at Google five months after being laid off, enabling her to pursue her passion and remain resilient in the face of change.

Tech layoffs are still going on as Meta plans to introduce a fresh round of job cuts. This particular round is expected to impact the chip development team within the company

If the cuts are deep, they could hamper Chief Executive Mark Zuckerbergs project to build augmented and virtual reality products enabling access to a set of immersive virtual worlds known as the "metaverse," particularly the AR glasses that he has predicted "will redefine our relationship with technology."