Here's what we know so far about Meta's round of layoffs in March, 2023.
We spoke with employees at Meta and gathered up all the information we could to give you an up-to-date look at what's happening on the ground.
This report will be updated as more information becomes available.
Update 3/14: Zuckerberg has confirmed in an open letter to employees that layoffs will occur in multiple waves, beginning on March 15 and continuing in April and May.
Facebook will be the first Big Tech company to undergo a second wave of layoffs. The next round of layoffs is not officially confirmed, but reports suggest that they will happen in mid-March, possibly as early as March 14 or March 15.
Major outlets including the Wall Street Journal and Bloomberg have reported on the news, with rumors on social network Blind confirming the reports.
The last round of major layoffs at Facebook/Meta occurred on November 9, 2022, which was a Wednesday.
Update 3/14: Meta is letting go of an additional 10K employees over the course of the next few months.
The previous round of layoffs affected around 13% of Meta's global workforce, or around 11,000 employees. It is rumored that the next round of layoffs could be similar in magnitude, with latest reports saying that they will be "in the thousands."
Update 3/14: Recruiting, business, and tech teams will all be affected at different phases of layoffs.
The first round of layoffs in 2022 mostly affected business and recruiting teams across Facebook, Instagram, and WhatsApp. The next round of layoffs will see more cuts in recruiting, plus sales and marketing orgs, according to the WSJ.
According to public WARN records, which are reported by companies to California by law, the last round of cuts disproportionately affected employees from certain teams, affecting more software engineers in Instagram than WhatsApp.
Meta publicly stated that it is seeking to reduce the layers of management in its organization, so it is likely that more managers will be let go this time around, or asked to return to IC or hybrid IC-manager roles as the organization undergoes flattening. Rumors on Blind suggested that up to 1,000 management roles could be cut.
Meta may be looking to downsize its investments in the metaverse and shift resources internally back to its core businesses, in part responding to investors' calls for Meta to spend more efficiently.
According to one engineering manager at Facebook we spoke with, many core advertising teams continued to increase headcount after the last layoff but were asked to prioritize internal transfers over external hires.
This is likely to be the case again as employees are shifted to business-critical projects.
The severance package offered to Meta employees in the first round of layoffs was as follows:
The severance package will likely be consistent with this last round of layoffs. Still, Meta and other companies may begin cutting the amount of severance offered as deeper layoffs occur—or provide different amounts of severance depending on role and business unit. When Alphabet did layoffs earlier this year, Google employees received more compensation than those in other business units like Verily and Waymo.
It's worth noting; companies like Meta that operate in many geographic areas may be under different obligations to employees depending on local regulations.
If you're worried about being laid off, were recently laid off, or are close to someone affected, here are some practical next steps to take:
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