Facebook’s parent Meta Platforms is planning additional layoffs to be announced in multiple rounds over the following few months, which could match the 13% job cuts last yr. The Wall Street Journal reported on Friday, citing people accustomed to the matter.
Mark Zuckerberg’s meta laid off 11,000 employees 4 months ago and can be the primary Big Tech company to announce a second round of mass layoffs.
In accordance with the report, the primary wave of new cuts will likely be announced next week and are prone to hit non-engineering roles the toughest.
The corporate can also be expected to shut some projects and teams resulting from these cutbacks, the report added.
Meta didn’t immediately reply to a Reuters request for comment.