{"id":1886748,"date":"2023-03-14T11:47:02","date_gmt":"2023-03-14T15:47:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/meta-to-lay-off-10000-workers-in-new-round-of-job-cuts\/"},"modified":"2023-03-14T11:49:40","modified_gmt":"2023-03-14T15:49:40","slug":"meta-to-lay-off-10000-workers-in-new-round-of-job-cuts","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/meta-to-lay-off-10000-workers-in-new-round-of-job-cuts\/","title":{"rendered":"Meta to lay off 10,000 workers in new round of job cuts"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">24<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fmeta-to-lay-off-10000-workers-in-new-round-of-job-cuts%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1886748&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47-->\n<div class=\"RichTextArticleBody-body\">\n<div class=\"Enhancement\">\n<div class=\"Enhancement-item\">\n<div id=\"Brid_78806138\" class=\"brid\" style=\"width:16; height:9;\" itemprop=\"video\" itemscope itemtype=\"http:\/\/schema.org\/VideoObject\">                <meta itemprop=\"name\" content=\"SVB collapse: Biden reassures Americans 'the banking system is safe'\">               <meta itemprop=\"description\" content=\"President Joe Biden sought to reassure Americans Monday that the \" banking system is safe and that taxpayers would not bear any losses following the failures of silicon valley bank signature last week. on sunday biden administration guaranteed deposits including uninsured amounts so customers will have access to their money as soon monday after tech-focused institution collapsed intervention along with decision unwind similar aimed at avoiding additional runs helping business clients remain operational.>               <meta itemprop=\"duration\" content=\"PT1M23S\">               <meta itemprop=\"uploadDate\" content=\"2023-03-13 15:00:21\">               <meta itemprop=\"thumbnailURL\" content=\"https:\/\/cdn.brid.tv\/live\/partners\/19383\/snapshot\/1261640_th_1678721824.jpg\">               <meta itemprop=\"contentUrl\" content=\"https:\/\/cdn.brid.tv\/live\/partners\/19383\/sd\/1261640.mp4\">              <\/div>\n<p>               <script type=\"text\/javascript\"> var _bp=_bp||[]; _bp.push({ \"div\": \"Brid_78806138\", \"obj\": {\"id\":\"27789\",\"width\":\"16\",\"height\":\"9\",\"video\":\"1261640\"} }); <\/script>               <script type=\"text\/javascript\" async src=\"https:\/\/services.brid.tv\/player\/build\/brid.min.js\"><\/script>              <\/div>\n<\/p><\/div>\n<p><a class=\"Link\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/facebook\" target=\"_blank\" rel=\"noopener\">Meta<\/a> <span class=\"ArticlePage-articleBody-firstLetter\">W<\/span>The latest round of job cuts by Big Tech companies to cut costs during a difficult period in Silicon Valley is the ill-laying off 10,000 employees <\/p>\n<p>Meta CEO <a class=\"Link\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/mark-zuckerberg\" target=\"_blank\" rel=\"noopener\">Mark Zuckerberg<\/a> On Tuesday, the company announced layoffs. The company plans to layoff approximately 13% of its employees as part of its restructuring. &#8220;year of efficiency.&#8221; After the company had cut its workforce, layoffs were made. <a class=\"Link\" href=\"https:\/\/www.washingtonexaminer.com\/policy\/technology\/meta-layoffs-expected-tech-recession\" target=\"_blank\" rel=\"noopener\">11,000 jobs<\/a> November will be a month to recover from declining revenue streams. These days, many thousands of jobs have been lost at big tech companies. <\/p>\n<p><b><a class=\"Link\" href=\"https:\/\/www.washingtonexaminer.com\/policy\/technology\/court-allows-california-to-treat-uber-drivers-as-contractors\" target=\"_blank\" rel=\"noopener\">UBER AND LYFT DRIVERS WIN COURT RULE TO BE PERCEIVED AS CONTRACTORS IN CALIFORNIA<\/a><\/b> <\/p>\n<p>&#8220;I think we should prepare ourselves for the possibility that this new economic reality will continue for many years,&#8221; Zuckerberg <a class=\"Link\" href=\"https:\/\/www.facebook.com\/story.php?story_fbid=pfbid0382gobPjUPCEGVWwrJJvuNCEhoZHgxT1q9mm3BMm9hMYKKqSxj2zaqaPeYBw3GFFel&#038;id=4\" target=\"_blank\" rel=\"noopener\">Write<\/a>Noting the higher interest rates as well as geopolitical instability, Meta is adamant. These uncertainties are what Meta intends to address. &#8220;operate more efficiently.&#8221; <\/p>\n<p>After Meta&#8217;s hiring frenzy in the aftermath of the pandemic, more people used their technology to communicate while they were quarantined. As the economy started to recover, digital advertising decreased and Big Tech had to adapt. <\/p>\n<p><b><a class=\"Link\" href=\"https:\/\/www.washingtonexaminer.com\/\" target=\"_blank\" rel=\"noopener\">CLICK HERE TO READ MORE ABOUT THE WASHINGTON EXAMINER<\/a><\/b> <\/p>\n<p>Zuckerberg made mention of the layoffs during the third quarter earnings conference, where he stated that the company would be closing in 2023. &#8220;roughly the same size or even a slightly smaller organization.&#8221; <\/p>\n<p>In recent months, the company has been under regulatory pressure. The company <a class=\"Link\" href=\"https:\/\/www.washingtonexaminer.com\/policy\/technology\/ftc-dismisses-case-meta\" target=\"_blank\" rel=\"noopener\">It is possible to win<\/a> The Federal Trade Commission was sued over the attempted acquisition of VR developer Within. The company has been slowly shifting away from its vision of the metaverse, which it had portrayed as the next step in the internet. It is currently trying to invest in artificial intelligence and generative generative technology. <a class=\"Link\" href=\"https:\/\/www.washingtonexaminer.com\/policy\/technology\/meta-developing-twitter-competitor\" target=\"_blank\" rel=\"noopener\">Create<\/a> A Twitter competitor The company&#8217;s <a class=\"Link\" href=\"https:\/\/futurism.com\/the-byte\/facebooks-ai-leaks-4chan\" target=\"_blank\" rel=\"noopener\">Try<\/a> Thursday&#8217;s 4chan leak revealed that a chatbot to create was created.<\/p>\n<\/p><\/div>\n<p><\/p>\n<hr>\n<p>&#8220;Read more from <a href=\"https:\/\/www.washingtonexaminer.com\/policy\/technology\/meta-to-lay-off-more-workers\">Meta to lay off 10,000 workers in the new round job cuts<\/a>&#8221;<\/p>\n<hr>\n<p><span style=\"font-size:11px\"><em>&#8220;The views and opinions expressed here are solely those of the author of the article and not necessarily shared or endorsed by Conservative News Daily&#8221;<\/em><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Meta will lay off 10,000 workers, the latest wave of job cuts by the Big Tech company as it tries to save costs to weather a tough period for Silicon Valley. Meta CEO Mark Zuckerberg announced the layoffs on Tuesday. The company is cutting an estimated 13% of its workforce as part of its &#8220;year<\/p>\n","protected":false},"author":1,"featured_media":1897146,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[538],"tags":[15845,17601,3862,7819,9276,5015],"class_list":["post-1886748","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-washington-examiner","tag-lay","tag-17601","tag-cuts","tag-job","tag-meta","tag-workers"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1886748","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1886748"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1886748\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1897146"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1886748"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1886748"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1886748"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}