Facebook-parent Meta plans new job cuts that could match last year’s tally: Report

Mark Zuckerberg's Meta is planning additional layoffs that could match the job cuts it made last year, according to a Wall Street Journal report.

By: Reuters
Updated: March 11, 2023 08:38 AM IST

1 min read

The logo of Meta Platforms' business group is seen in Brussels, Belgium December 6, 2022. REUTERS/Yves Herman//File Photo

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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.