• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Sectors Tech News

Like Twitter, Meta is planning mass layoffs this week

Samson Akintaro by Samson Akintaro
November 7, 2022
in Tech News
Why people are spending more time on Facebook, Instagram—Mark Zuckerberg

Mark Zuckerberg, CEO of Meta

Share on FacebookShare on TwitterShare on Linkedin

Facebook’s parent company, Meta, is reportedly planning large-scale layoffs this week.

According to a report by Wall Street Journal citing insider sources, the layoffs could affect thousands of people. An announcement is likely this Wednesday.  

This is coming barely a week after Twitter announced mass layoffs of almost half of its workforce.  

RelatedStories

Presidential candidate of the African Action Congress

Sowore countersues DSS, Meta, and X, seeks protection of free speech 

September 17, 2025
Sowore slams Tinubu’s electoral reforms, urges Nigerians to take action before next elections 

FG sues Sowore, Meta, X for alleged cyberbullying of Tinubu 

September 16, 2025

Apprehension grips workers: At the end of September this year, Meta reported having 87,314 employees, up 28% from a year ago. It is unclear how many of these workers will be let go. The report said company officials already told employees to cancel nonessential travel beginning this week. 

Meta’s profit decline: Last month, Meta posted a 50% slide in quarterly profits and its second straight sales decline. The company said at the time that it would make some changes to operate efficiently, including shrinking some teams and hiring only priority workers. 

Mr. Zuckerberg has been signaling tough times ahead for the company. In July, he told employees that the company was facing the toughest times in its history and that workers should prepare to do more work with fewer resources. He said their performances would  

  • “I think some of you might decide that this place isn’t for you, and that self-selection is OK with me. Realistically, there are probably a bunch of people at the company who shouldn’t be here,” he said. 

Several tech firms are now feeling the pinch of the tough economic situation globally, forcing them to downsize.  


Follow us for Breaking News and Market Intelligence.
Tags: FacebookMeta
Samson Akintaro

Samson Akintaro

Samson Akintaro is a tech enthusiast and has over a decade experience covering and writing about the tech industry. He is currently the Tech Analyst at Nairametrics.

Related Posts

Presidential candidate of the African Action Congress
Legal & Regulations

Sowore countersues DSS, Meta, and X, seeks protection of free speech 

September 17, 2025
Sowore slams Tinubu’s electoral reforms, urges Nigerians to take action before next elections 
Legal & Regulations

FG sues Sowore, Meta, X for alleged cyberbullying of Tinubu 

September 16, 2025
Safra Catz: Meet Oracle’s 63yr old CEO, worth $3.3B after stock rise 
Billionaire Watch

Safra Catz: Meet Oracle’s 63yr old CEO, worth $3.3B after stock rise 

September 13, 2025
Meta rolls out Teens Accounts on Facebook, Messenger to protect under 18 users
Sectors

Meta bets big on Africa’s connectivity with new data centres and cable investments 

August 25, 2025
Meta rolls out Teens Accounts on Facebook, Messenger to protect under 18 users
Sectors

Meta, X flout Nigeria’s Internet Code, risk NITDA sanctions 

August 23, 2025
Meta announces Llama impact grant for Sub-Saharan African Startups, researchers
Sectors

Meta rolls out AI translation for Facebook, Instagram content creators globally 

August 20, 2025
Next Post
The Different Dimensions of Investing in Agro-Tech

Inflation wipes out profit growth from Nigerian agro firms

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

otd
arco
Palmpay
access bank
nairametrics
first bank








DUNS

Recent News

  • Abia Govt launches materials testing lab for quality control in construction works 
  •  ROYALEX leads gainers as All-Share Index slips 0.24% 
  • Finance and insurance sector records 16.13% real-term growth in Q2 2025 to boost Nigeria’s GDP 

Follow us on social media:

Recent News

Abia State Governor, Alex Otti sitting in a chair in the office

Abia Govt launches materials testing lab for quality control in construction works 

September 23, 2025
Stock chart movement

 ROYALEX leads gainers as All-Share Index slips 0.24% 

September 23, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics