MORE META SACKS

New layoffs planned

Just months after firing thousands of workers, Mark Zuckerberg plans a fresh round of job cuts as Meta undergoes a massive shake-up to revive the struggling tech titan, according to a report Wednesday.

The Facebook and Instagram parent wants to flatten the structure between the CEO and lower-level roles such as interns, a move that could impact thousands of workers, The Washington Post reported.

The tech giant will slash certain positions and projects across the board, and have managers take up expanded duties by supervising an increasing number of employees as their teams grow, an anonymous source familiar with the matter told the paper.

Earlier warning

Earlier this month, Zuckerberg said that the company needed to perform with “more efficiency.”

“I think there’s more we can do to improve our productivity, speed, and cost structure, and by working on this over a sustained period, I think we’ll both build a stronger technology company and become more profitable,” he said.

Last week, Meta gave approximately 7,000 employees — 10% of its staff — “subpar” reviews, as The Post reported. Employees with low scores on the key performance indicators often quit their jobs.

Last November, the social media company let go 13% of its workforce (11,000 employees) as it grappled with soaring costs and a weak advertising market.

‘Volatile environment’

“I obviously can’t sit here and promise you that nothing will happen in the future because it’s a very volatile environment,” Zuckerberg said at the time. “But what I can say is that for where we are right now, that’s what I foresee.”

Last year’s layoffs were the first in Meta’s 18-year history.

Google parent Alphabet, Microsoft and Snap have cut thousands of jobs.

Meta aggressively hired during the COVID pandemic to meet a surge in social media usage by stuck-at-home consumers. But business suffered in 2022 as advertisers pulled back in the face of rapidly rising interest rates.

Meta, once worth more than $1 trillion, but now valued at about $446 billion, declined a request for comment.