Meta, the parent company of social media giant Facebook, has announced it will cut another 10,000 jobs as part of a company-wide restructuring effort.
The move comes as the company seeks to streamline its operations and focus on its core social media platforms. The job cuts are expected to affect employees across all levels of the company, including management and technical positions.
In a statement, Meta CEO Mark Zuckerberg acknowledged the impact the decision would have on affected employees and their families, but said the move was necessary for the company's long-term success.
"While this is a difficult decision, we believe it is the right one for the long-term health and success of our company," Zuckerberg said. "We are committed to helping our impacted employees find new opportunities, and we will be providing severance packages and other support during this transition."
The job cuts come just months after Meta announced a similar restructuring effort that resulted in the loss of 20,000 jobs. The company has been under pressure to address concerns about its impact on society, including the spread of misinformation and hate speech on its platforms.
In response, Meta has launched a series of initiatives aimed at addressing these issues, including investing in AI technology to detect and remove harmful content and partnering with fact-checking organizations to combat false information.
Despite these efforts, the company has continued to face criticism from lawmakers, regulators, and advocacy groups, who argue that it has not done enough to address these issues.
The job cuts are expected to take place over the coming months, and the company has said it will provide additional information about the restructuring effort in the coming weeks.
[Information from Reuters and AP]
