Meta has reportedly rehired “dozens” of the 21,000 employees who’ve been laid off as part of Mark Zuckerberg’s massive cost-cutting push since last yr.
The Facebook and Instagram parent brought back the laid-off staff in recent weeks, Insider reported on Thursday, citing three sources conversant in the company’s moves.
While Meta has largely halted hiring as part of Zuckerberg’s so-called “yr of efficiency,” the report said the company has “quietly picked up hiring in certain areas” during a recent upturn in Meta’s fortunes.
The brand new hires are reportedly in engineering and technical roles.
The precise number who’ve rejoined Meta was not immediately clear.
The Post has reached out to Meta for comment on the report.
The profession board on Meta’s website still features an array of job openings, including many engineering-focused roles, in locations around the country. Insider said the company has “a whole bunch” of open roles despite Zuckerberg’s austerity measures.
Ousted employees are purportedly in a position to re-apply for jobs at Meta through an “alumni portal.”
![Mark Zuckerberg](https://nypost.com/wp-content/uploads/sites/2/2023/08/NYPICHPDPICT000017886988.jpg?w=1024)
Experienced former Meta engineers with strong performance histories at the company have been most certainly to be rehired, and plenty of are taking gigs with less seniority and lower pay, in accordance with the report.
Usually, Meta is claimed to be focused on bringing in employees with more profession experience in the limited hiring cycle.
Zuckerberg hinted at Meta’s hiring plans during the company’s most up-to-date earnings call on July 26, noting that he can be “continuing to run the company as lean as possible” and headcount growth can be “relatively low.”
![Mark Zuckerberg](https://nypost.com/wp-content/uploads/sites/2/2023/08/NYPICHPDPICT000015237142.jpg?w=1024)
“That said, as part of this yr’s layoffs, many teams selected to let people go to be able to hire different individuals with different skills that they need, a lot of that hiring goes to spill into 2024,” Zuckerberg said.
Meta is in the midst of a hot streak, bolstered largely by improved financial results and investor enthusiasm over Zuckerberg’s cost-cutting moves.
![Meta](https://nypost.com/wp-content/uploads/sites/2/2023/08/NYPICHPDPICT000018867515.jpg?w=1024)
The corporate laid off about 21,000 employees, or roughly 1 / 4 of its previous workforce, in multiple rounds that concluded in May.
The corporate’s stock has surged greater than 145% to almost $306 per share since January. Probably the most recent uptick occurred after Meta beat Wall Street’s expectations for ad revenue in its second-quarter results.
The corporate also generated major buzz with its launch of Threads, a text-based social media app that has emerged as a direct threat to X, the Elon Musk-owned company formerly often known as Twitter.
![Meta](https://nypost.com/wp-content/uploads/sites/2/2023/08/NYPICHPDPICT000018905116.jpg?w=1024)
Threads generated greater than 100 million downloads after its debut last month, though greater than half of that user base has since departed.
The stock rally has occurred despite revelations that Meta’s Reality Labs division has lost greater than $21 billion as Zuckerberg pours money into developing metaverse technology.