Along with the layoffs, Meta will also close 5,000 open roles.
The January filing also noted that the layoffs last November contributed to 2022 restructuring charges of $4.61 billion.
At around $190 a share, it is at its highest level since May 2022.
Drew Angerer/Getty Images
In the blog post, Zuckerberg addressed what he termed his Year of Efficiency strategy.
We will let recruiting team members know tomorrow whether theyre impacted.
Our timelines for international teams will also look different, and local leaders will follow up with more details.
Other managers will take on more reports, though Meta broadly doesnt like more than 10 reports per manager.
A leaner org will execute its highest priorities faster, he added.
People will be more productive, and their work will be more fun and fulfilling.
We will become an even greater magnet for the most talented people.
Dade Hayes contributed to this report.
