Meta layoffs begin, impacted employee confirms: ‘More to come’

ALAMEDA. IT’S SET TO START AT 4 O’CLOCK THIS AFTERNOON. IT’S 806. AND TODAY META IS SET TO ANNOUNCE MORE LAYOFFS. YEAH. THOUSANDS EXPECTED TO RECEIVE THOSE NOTICES. IN FACT, MATT HAS ASKED EMPLOYEES TO WORK FROM HOME TODAY AS THEY BE IN THE HAND OUT. THOSE WAITING BY THE COMPUTER KRON FOUR’S MICHAEL THOMAS IS LIVE LOVE, MENLO PARK WITH THE DETAILS. MICHAEL. I EVERYONE, YOU KNOW, I SPOKE WITH A BUSINESS PROGRAM MANAGER WHO WAS A LAID OFF THIS MORNING FROM THAT. AND SHE SAYS MAJORITY OF THESE LAID OFF LAYOFFS ARE AFFECTING THE TECH SIDE OF THAT.

AND SHE SAYS THAT’S NOT ALL NEXT ON THE CHOPPING BLOCK IS THE BUSINESS ASPECT OF THINGS. AND SHE SAYS THAT’S GOING TO AFFECT THE LEGAL FINANCE AND HR AND THAT CHAPA SET TO COME NEXT MONTH. SHE’S FAST. LET’S GET TO SOME VIDEO NOW WHEN IT COMES TO ALL OF THIS, A BLOOMBERG PUT OUT A REPORT SAYING THAT IN AN INTERNAL MEMO WAS SENT OUT TO MANAGERS AT FACEBOOK’S PARENT COMPANY TO EXPECT LAYOFFS AND RESTRUCTURING THIS WEDNESDAY AS OF NOW, THE EXACT NUMBER OF LAYOFFS FOR TODAY IS UNKNOWN WITH THIS ANNOUNCEMENT IS SET TO BE PART

OF THE COST-CUTTING PLAN THAT WAS PUT TOGETHER. I WILL END UP CUTTING ABOUT 10,000 POSITIONS. NOW THERE ARE REPORTS SAYING THAT THOSE BEING AFFECTED BY THIS WILL BE GROUPS

THAT FACEBOOK, WHATSAPP, INSTAGRAM AND REALITY LAB. NOW, THIS IS THE SECOND ROUND OF LAYOFFS AT THE COMPANY IS DONE. THE FIRST WE SAW BACK IN NOVEMBER. AND THAT WAS ABOUT 13% OF ITS WORKFORCE, MEANING AROUND 11,000 PEOPLE THAT WENT WITHOUT JOBS. REPORTS SAY THAT THIS INTERNAL MEMO SAYS THAT EMPLOYEES THAT HAVE NOT BEEN LAID OFF WILL BE REASSIGNED TO NEW MANAGERS AND NEW TEAMS. AS DORIAN MENTION,

MANY PEOPLE ARE ASKED TO STAY AT HOME. THAT EMPLOY THAT I SPOKE WITH TODAY SAYS THAT THE COMPANY TO INCLUDE THAT ANY TECH TEAM THAT WEREN’T IMPACTED TODAY MIGHT BE GOT OFF NEXT MONTH WHEN THEY DO THAT ROUND OF LAYOFFS FOR THE BUSINESS ASPECT. I DID REACH OUT TO OFFICIALS THIS MORNING, BUT I HAVE NOT HEARD ANYTHING BACK. AND AS WE GET MORE INFORMATION REGARDING THAT EXACT NUMBER OF PEOPLE THAT WORK. WE’LL KEEP YOU UPDATED AS THE WEEKS CONTINUE. AND AS WE GET MORE INFORMATION ON LAYOFFS TO COME, WE’LL ALSO KEEP YOU UPDATE ON THAT

ASPECT. BUT THAT’S A VERY LATEST IN MENLO PARK. AND MICHAEL BACK TO YOU.