Meta

Technology
United States2 layoff rounds tracked
22,000

Total Jobs Cut

November 2022

Most Recent

11,000

Largest Single Layoff

No

AI Cited

Layoff Timeline

November 2022

11,000 jobs cut(13% of workforce)

Reason: Post-pandemic advertising slowdown; metaverse pivot costs

November 2022

11,000 jobs cut(13% of workforce)

Reason: First-ever mass layoff; metaverse pivot costs; post-pandemic ad revenue decline

About Technology Layoffs

843,338

Total industry layoffs

39%

AI-cited events

Sources

TechCrunch

Post-pandemic advertising slowdown; metaverse pivot costs

Layoffs.fyi

First-ever mass layoff; metaverse pivot costs; post-pandemic ad revenue decline

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