Meta Platforms Inc (NASDAQ:META) has completed the third and final round of layoffs, cutting 10,000 roles as part of a plan announced in March. The cuts hit non-engineering roles most heavily, with the ad sales, marketing and partnerships teams being the most affected. CEO Mark Zuckerberg said the bulk of the layoffs would take place in three “moments” over several months, largely finishing in May. The layoffs follow months of waning revenue growth and the company’s investment in its metaverse-oriented Reality Labs unit and AI infrastructure.
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