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Facebook Parent Meta, Google Quietly Reduce Jobs

By  |  September 21, 2022

Two of the world’s largest tech companies have begun to quietly eliminate jobs as they endeavor to cut costs.

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    Facebook owner Meta Platforms has begun reorganizing departments and giving impacted employees a limited time to apply for other in-house positions, The Wall Street Journal (WSJ) reported Wednesday (Sept. 21), citing unnamed sources.

    Such a move manages to cut staff without resorting to mass layoffs, but these reductions could be the set-up to a wider series of cuts as Meta looks to lower costs by 10%, according to the report. Some savings will come from reducing overhead and consulting budgets, but most will come from job cuts.

    Reached for comment, a Meta spokesperson referred PYMNTS to remarks by CEO Mark Zuckerberg on a recent earnings call.

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