Meta, Facebook layoffs February 2023: 10,000 jobs cut [Video]

NEW YORK — Facebook parent Meta is slashing another 10,000 jobs and will not fill 5,000 open positions as the social media pioneer cuts costs.

The company announced 11,000 job cuts in November, about 13% of its workforce at the time.

Meta and other tech companies have been hiring aggressively for at least two years and in recent months have begun to let some of those workers go.

Early last month, Meta posted falling profits and its third consecutive quarter of declining revenue.

The company said Tuesday it will reduce the size of its recruiting team and make further cuts in its tech groups in late April, and then its business groups in late May.

“This will be tough and there’s no way around that,” said CEO Mark Zuckerberg. “It will mean saying goodbye to talented and passionate colleagues who have been part of our success.”

The Menlo Park, California, company …