Meta Cutting Another 1,200-Plus Jobs In Bay Area, LA
Meta is making further cuts to its workforce. The tech giant plans to cut approximately 1,200 jobs across California.
Los Angeles will lose 108 Meta employees, and the bulk of the cuts will hit the Bay Area, with 528 layoffs coming to the company's Menlo Park headquarters. In San Francisco, 311 Meta workers will be let go, along with 169 people in Sunnyvale and 117 workers in Fremont, LA Business First reported.
Tech layoffs haven't just come from Meta. Amazon, Microsoft and Google parent company Alphabet have also laid off thousands, causing repercussions for the office leasing market and even data centers.
Meta, the parent company of Facebook, Instagram and WhatsApp, has announced the layoffs of more than 21,000 workers since November.
Reductions in headcount have been accompanied by reductions in office space. In January, Meta said it would put 435K SF in Downtown San Francisco up for sublease.
Including these latest cuts, Meta has eliminated more than 5,100 jobs in the Bay Area since the beginning of 2022, The Mercury News reported.
The latest job cuts will be effective July 28, Meta Vice President of People Lori Goler said in letters submitted to the California Employment Development Department.
Since Meta announced its first round of layoffs in November, the company's stock price has jumped 157%, according to LA Business First.
