Facebook owner Meta to axe another 10,000 jobs

Meta, the parent company of Facebook, Instagram and WhatsApp, has revealed it plans to cut about 10,000 jobs globally, just four months after it axed 11,000 workers. The group’s founder and boss, Mark Zuckerberg, told staff in a company blog that Meta is also looking to ditch about 5,000 open job vacancies as part of his Year Of Efficiency push to slash costs and restructure the firm. Meta will first trim the size of its recruiting team, with staff in this division expected to be told where the cuts will be made on Wednesday, followed by layoffs in its tech groups in late April, before taking the axe to roles across its business groups in late May.