'Make Lists' of People to Let Go, Meta Tells Directors Ahead of Another Mass Layoff — Here's When It Will Happen The clock's ticking as CEO Mark Zuckerberg eyes paternity leave for his third child.

By Amanda Breen Edited by Jessica Thomas

Future Publishing | Getty Images

Meta Platforms Inc., which owns Facebook and Instagram, slashed 11,000 jobs, or 13% of its workforce, in November — but that was only the beginning.

The metaverse-focused company intends to conduct another round of layoffs and could let go thousands of employees as early as this week, people familiar with the situation told Bloomberg.

Related: 'Loud Layoffs' Hurt Your Health — Use These Mindset Hacks to Protect Your Peace

Meta has been trying to flatten its organization by offering buyout packages to managers and dismissing entire teams it views as nonessential three months into what CEO Mark Zuckerberg has been calling the company's "year of efficiency."

Naturally, morale among Meta employees has been low amid so much uncertainty. According to an internal company survey from October obtained by Vox's Recode, just 28% of Meta employees had a favorable response about their optimism for the company.

Bloomberg's sources said the impending round of layoffs isn't directly related to Zuckerberg's flattening but has more to do with financial objectives. Directors and managers have been asked to make lists of employees who can be let go, the people revealed.

Related: Meta Imposes Strict New Policy for Restructuring Workers After 30 Days in New Ultimatum

Those layoffs could be finalized in the next week, ahead of Zuckerberg's departure for parental leave for his third child, per Bloomberg.

Amanda Breen

Entrepreneur Staff

Senior Features Writer

Amanda Breen is a senior features writer at Entrepreneur.com. She is a graduate of Barnard College and received an MFA in writing at Columbia University, where she was a news fellow for the School of the Arts.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick

Business News

JPMorgan Shuts Down Internal Message Board Comments After Employees React to Return-to-Office Mandate

Employees were given the option to leave comments about the RTO mandate with their first and last names on display — and they did not hold back.

Innovation

4 Ways Market Leaders Use Innovation to Foster Business Growth

Forward-thinkers constantly strive to diversify and streamline their products and services, turning novelties into commodities desired by many.

Business News

'Masculine Energy Is Good': Mark Zuckerberg Tells Joe Rogan He Thinks Companies Need More Aggression

On the most recent episode of "The Joe Rogan Experience," Meta CEO Mark Zuckerberg said corporate culture has become "neutered."

Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2025.

Business News

Your Old Apple AirPods Can Soon Act as an Over-the-Counter Hearing Aid, According to the FDA

The new software is compatible with the Apple AirPods Pro and accessible through iOS — for free and now FDA-authorized.

Growing a Business

5 Risk-Taking Lessons From Founders Who Bet Big and Won

Discover the bold moves and strategic risks that catapulted these entrepreneurs to success. Learn how their fearless decisions can inspire your own path to growth.