Meta Platforms

About Meta Platforms

Meta Platforms, Inc., doing business as Meta, and formerly named Facebook, Inc., and TheFacebook, Inc., is an American multinational technology conglomerate based in Menlo Park, California. The company owns and operates Facebook, Instagram, Threads, and WhatsApp, among other products and services. Meta is one of the world's most valuable companies and among the ten largest publicly traded corporations in the United States.

CEO: Mark Zuckerberg

Year Established: 2004

Last Year's Revenue (in billions): $117.964

Stock Symbol: META

Headquarters Location: Menlo Park, CA

*As of 2023-11-20

Recent Layoff Information

Total Employees	Employees Laid Off (Estimated Yearly Total^[1])	Date of Last Layoff
81,278	10,000	November 2022

Total Employees	81,278
Employees Laid Off (Estimated Yearly Total^[1])	10,000
Date of Last Layoff	November 2022

Layoffs This Year

Layoffs Past 5 Years

Compared to All Companies

Note: Amazon and Walmart data ommited due to size.

Compared to All Companies as a Percentage (layoffs/employees)

Note: Amazon and Walmart data ommited due to size.

Compared to Sector

Compared to Sector As a Percentage (layoffs/employees)

Are More Layoffs Expected?

As of November 2023, there have been no public announcements from Meta Platforms (formerly Facebook) indicating plans for more layoffs in the next year. However, the company's financial performance and overall economic conditions could influence future decisions.

Meta Platforms has a history of maintaining a stable workforce and avoiding layoffs, even during economic downturns. The company's strong financial position and consistent profitability have allowed it to weather challenges without resorting to job cuts. Additionally, Meta's focus on automation and efficiency has helped it reduce costs without impacting its workforce.

Reason for Layoffs

Cost-cutting measures and economic downturn

Articles

The Great Pause: Inside the Fortune 500 Hiring Slowdown

December 29, 2023

When Snowflakes Turn to Severance Papers: The Most Grinchy Layoffs in Festive History

December 25, 2023

The Robot in the Room: AI and the Looming Shadow over 2024 Jobs

December 21, 2023

Our Top 10 Layoffs by Percentage in 2023

December 20, 2023

Unveiling the Stealthy World of Soft Layoffs

December 20, 2023

New Graduates Guide to Navigating the 2024 Workforce

December 18, 2023

Amidst Layoff Fog, Beacons of Hope: States with Sunshine in the 2024 Job Market

December 17, 2023

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[1]Layoff totals are the totals over the past year and not most recent round of layoffs. Totals will not be exact as it is not possible to track at that level of detail in real time. All information is gathered from SEC filings, WARN notices, news articles, social media posts, and users who post on our site. Layoffinsider uses various ai tools to help gather the data which is then reviewed by humans and cross checked for validity. If you suspect there is incorrect data then please reach out to us for prompt investigation. We want to be the number one trusted source for tracking layoffs.

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