Another 10,000 job cuts at Meta could affect Ireland too
Dublin: Facebook’s parent company Meta’s announcement that it will cut another 10,000 jobs globally suggests that Ireland may also be affected. In addition to the layoffs, the company has also decided to stop hiring for the 5,000 open roles that are yet to be filled.
In a Facebook post, CEO Mark Zuckerberg stated that managers will announce restructuring plans within the next two months.
Meta stated that the restructuring and layoffs will be announced in the company’s tech groups in late April and late May.
Meta announced 11,000 layoffs worldwide in November, resulting in the loss of approximately 300 jobs from the company’s Irish operation. It is not yet clear how many people from Ireland will lose their jobs this time.
Zuckerberg previously stated that 2023 would be the “year of efficiency,” but in yesterday’s update, he warned that the new economic “reality” of concern will be years away.
‘Higher interest rates shrink the economy; more geopolitical instability causes more instability; and increased regulation causes slower growth and higher innovation costs,’ he wrote.
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