Meta doubles down on layoffs

The company's recent products have flopped with consumers. Will a more focused team reverse the trend?

(Dima Solomin / Unsplash)

I.

Today, let’s talk about Meta’s announcement that it would lay off an additional 10,000 people and eliminate 5,000 open positions, four months after eliminating 11,000 jobs in the largest cuts in company history.

If the first round of cuts seemed mostly tactical — a way to cut costs quickly and signal to investors that it would …