More than 700 employees of Facebook parent company Meta are expected to face layoffs in Seattle and Bellevue, according to the Washington Employment Security Department. FOX13
ESD put out a notification alerting workers that, starting Jan. 13, 2023, Meta is expected to start rolling out layoffs. The agency says 419 Seattle employees and 307 Bellevue employees are projected to lose their jobs.wrote in a letter to employeesMeta, like other social media companies, enjoyed a financial boost during the pandemic lockdown era because more people stayed home and scrolled on their phones and computers.
An economic slowdown and a grim outlook for online advertising — by far Meta’s biggest revenue source — have contributed to Meta's woes. This summer, Meta posted its first quarterly revenue decline in history, followed by another, bigger decline in the fall.
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