![]() ![]() ![]() “We are a technology company, and our ultimate output is what we build for people,” Zuckerberg said. Zuckerberg has pitched 2023 as the company’s “year of efficiency,” in which the firm aims to become “a stronger and more nimble organization.” The new round of layoffs follows a previous round of cuts, announced in November, that affected more than 11,000 workers, which equated to roughly 13% of Meta’s overall staff. In a SEC filing announcing the cuts, Meta also said it anticipated lowered total expenses in 2023, ranging from $86 billion to $92 billion. In a nod to continued economic uncertainty, Zuckerberg noted that the company should prepare for “the possibility that this new economic reality will continue for many years.” He added that the Facebook parent plans to close 5,000 additional open roles that it hasn’t yet filled. “Here’s the timeline you should expect: over the next couple of months, org leaders will announce restructuring plans focused on flattening our orgs, canceling lower priority projects, and reducing our hiring rates,” Zuckerberg said in a message to employees, which was also posted to the technology company’s blog. Meta will lay off 10,000 more workers and incur restructuring costs ranging from $3 billion to $5 billion, the company announced Tuesday, with CEO Mark Zuckerberg warning economic instability could continue for “many years.” The CEO previously told analysts Meta plans “on cutting projects that aren’t performing or may no longer be crucial” while simultaneously “removing layers of middle management to make decisions faster.”.Zuckerberg has pitched 2023 as Meta’s “year of efficiency.”.The company laid off more than 11,000 employees in November.Meta CEO Mark Zuckerberg said Tuesday the company plans to cut 10,000 employees.Take a look at the collection in the YouTube video below.Meta to lay off 10,000 more workers after initial cuts in November Fans can also customize their Xbox gear with their own Gamertag. Two of the 15 pieces at E3 will be exclusively available at the Microsoft Theater during the show. The collection will debut at E3 with 15 pieces available for purchase beginning on June 11. We can’t wait to see fans flying their colors at E3!” “This new line delivers aspirational and accessible gear. “Meta Threads celebrates the gaming community with their creative direction and quality execution,” says John Friend, director of Xbox & Halo Consumer Products. We are excited to announce our second collection with Xbox at E3 and are looking forward to future projects.” “Gaming remains a dominant force in pop culture and our goal is to capture the lifestyle beyond just the screen, bringing it into our fan’s every day lives. ![]() “Working with a team as talented as Xbox has made the creative development process an incredible experience,” says Steve Nabi, co-founder and president of Meta Threads. ![]() Highlighting both athletic and technological influences, the futuristic, hard-hitting line will feature functional modern clothing that brings the lifestyle of gaming to every fan. Gamer clothing line Meta Threads has joined forces with Microsoft for a second generation of Xbox apparel, launching on June 11 during Electronic Entertainment Expo (E3) 2019, held in Los Angeles June 11 to 13. ![]()
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