Description
Meta Platforms, the parent company of Facebook, plans to announce additional layoffs in multiple rounds in the coming months, which could match last year's tally of 13% job cuts, The Wall.Street Journal reported on Friday, citing people familiar with it. with the matter. Meta laid off 11,000 employees four months ago and would be the first big tech company to announce a second round of layoffs. The first wave of further cuts is expected to be announced next week and is expected to hit non-technical roles the most, according to the report.
The company is also expected to close some projects and equipment in conjunction with these reductions, the report added.
Meta did not immediately respond to a Reuters request for comment.
