Facebook parent company Meta has announced an additional 10,000 job cuts globally and said it will close around 5,000 open roles that have not yet been filled.
In a Facebook post, CEO Mark Zuckerberg said that over the next couple of months managers will announce restructuring plans.
"With less hiring, I've made the difficult decision to further reduce the size of our recruiting team," Mr Zuckerberg wrote.
"We will let recruiting team members know tomorrow whether they're impacted."
Meta said it would announce restructurings and layoffs in its tech groups in late April and then business groups in late May.
"In a small number of cases, it may take through the end of the year to complete these changes. Our timelines for international teams will also look different, and local leaders will follow up with more details," Mr Zuckerberg wrote.
"Overall, we expect to reduce our team size by around 10,000 people and to close around 5,000 additional open roles that we haven't yet hired," he added.
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It is not clear how the job cuts will affect Meta's workforce in Ireland, where it directly employs around 2,600 people.
A spokesperson for Meta Ireland said they had nothing to add to today's update from Mr Zuckerberg.
Meta has spent billions of dollars developing the new virtual reality world known as the 'metaverse' and has struggled with a post-pandemic slump in advertising spending from companies worried about the economic outlook.
Mr Zuckerberg had previous said that 2023 would be the 'Year of Efficiency' and in his update today he warned that the new economic reality will continue for many years.
"Higher interest rates lead to the economy running leaner, more geopolitical instability leads to more volatility, and increased regulation leads to slower growth and increased costs of innovation," he wrote.
"Given this outlook, we'll need to operate more efficiently than our previous headcount reduction to ensure success," he added.
The news sent Meta's shares up 2% in premarket trading.
Meta's move in November to slash headcount by 13% marked the first mass layoffs in its 18-year history.
Its headcount stood at 86,482 at the end of 2022, up 20% from a year ago.
