Meta is set to reduce its workforce in Ireland by 350 positions, following significant layoffs that began last year and affected over 21,000 employees globally. This new round of job cuts aligns with ongoing restructuring within the company amidst declining revenue and a shifting digital advertising landscape. The impacted roles will mainly be in Meta’s engineering and product divisions, and employees have been informed of the layoffs. The Irish operation has faced challenges as Meta recalibrates its business model to adapt to market demands. The decision underscores a broader trend in the tech industry where companies are increasingly finding ways to streamline operations in response to economic pressures. Meanwhile, Meta continues to focus on its long-term objectives, including investments in the metaverse and AI technologies.
Source link
Share
Read more