Facebook-parent Meta plans new job cuts that could match last year’s tally: Report
Facebook-parent Meta Platforms is planning additional layoffs to be announced in multiple rounds over the next few months, which could match the 13% job cut tally from last year, the Wall Street Journal reported on Friday citing people familiar with the matter.
Meta let go of 11,000 employees four months ago and would be the first Big Tech company to announce a second round of mass layoffs.
The first wave of the new cuts would be announced next week and are likely to hit non-engineering roles the hardest, according to the report.
The company is also expected to shut down some projects and teams in conjunction with these cuts, the report added.
Meta did not immediately respond to a Reuters request for comment.
Elon Musk triples down on making Twitter terrible for trans people
PDFfiller Review
Tech layoffs: Yahoo to slash 20% of its workforce
About The Author
Jayesh Hans
Jayesh Hans is a talented writer and the creative force driving the engaging content you find here. With a profound love for words and an insatiable curiosity, Jayesh Hans has crafted a digital space that serves as a haven for readers seeking inspiration, knowledge, and entertainment. Through thought-provoking articles, engaging stories, and informative guides, he has established himself as a trusted source of valuable insights and captivating narratives.