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Meta CEO Mark Zuckerberg refers to 2023 as the "year of efficiency," and part of that means more layoffs. The first wave of cuts is expected to be announced next week, with non-engineering roles being hit hard. The company is expected to shut down projects and teams in conjunction with these job cuts. Facebook's parent company is expected to do multiple layoff rounds over the coming months, resulting in another 13% cut of its workforce.
Last year, Meta cut approximately 11,000 jobs or around 13% of its employees. Among the projects expected to get axed include wearable devices in the works at its Reality Labs (Meta's hardware and metaverse division).