ReutersUpdated: 2.45pmFacebook owner Meta has started carrying out the last batch of a three-part round of layoffs as part of a plan announced in March to eliminate 10,000 roles. Taoiseach Leo Varadkar earlier told the Dáil the social media firm was to announce “significant” job losses in Ireland. Overall, the cuts hit particularly hit non-engineering roles, reinforcing the primacy of those who write the code at Meta. About 4,000 employees lost their jobs in the April layoffs, Zuckerberg said during the town hall, following a smaller hit to recruiting teams. Meta’s layoffs followed months of waning revenue growth amid high inflation and a digital ad pullback from the pandemic e-commerce boom.

Source: The Herald May 24, 2023 13:50 UTC