Tue. 03/14 – Meta Has Now Cut 1/4th Of Its Workforce
Tech Brew Ride Home
Amalgamated Internets, LLC
4.7 • 1K Ratings
🗓️ 14 March 2023
⏱️ 21 minutes
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| 0:00.0 | Welcome to the Tech Mem Right Home for Tuesday, March 14th, |
| 0:07.0 | 2023. I'm Brian McCullough today. Those extra expected layoffs have come to Meta. |
| 0:12.0 | AI tools come to Google workspace and an |
| 0:15.2 | API for Google's Palm language model seems like things have generally worked out |
| 0:19.8 | with the Silicon Valley Bank aftermath. Microsoft laid off its AI Risk team layoffs at |
| 0:25.8 | White Combinator as well, and a look at the standard that's trying to keep over-the-air |
| 0:30.0 | broadcast television relevant. Here's what you missed today in the world of tech. |
| 0:38.9 | Those additional layoffs from Meta have arrived in a morning post Mark Zuckerberg said Meta plans to cut another |
| 0:45.0 | 10,000 jobs and withdraw around 5,000 open rolls. It is not yet filled and cancel some more projects. |
| 0:53.4 | This comes just four months after cutting 11,000 jobs. |
| 0:57.7 | Quoting Tech Crunch. |
| 0:59.1 | Combined, this means that Meta has effectively laid off or plans to lay off roughly one quarter of its workforce since the tail end of last year. |
| 1:07.0 | Facebook's parent firm said it expects the latest restructuring efforts to start in April and the process to impact business groups in May. |
| 1:16.0 | Zuckerberg said that the company will also cancel lower priority projects adding that it |
| 1:20.4 | quote under estimated the indirect costs associated with these |
| 1:23.3 | initiatives this will be tough and there's no way around that |
| 1:26.4 | Zuckerberg wrote in a memo to staff that was subsequently published to the |
| 1:29.7 | public it will mean saying goodbye to talented and passionate colleagues who have been part of our success. |
| 1:35.0 | They've dedicated themselves to our mission and I'm personally grateful for all their efforts." |
| 1:40.0 | Zuckerberg added that after the restructuring efforts are complete, the company will lift its hiring freeze |
| 1:44.3 | across its various groups." |
| 1:46.1 | End quote. |
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